Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,635.50
0.23%
Copper
4.11
0.38%
Oil
70.10
0.78%
Bitcoin
98,185.12
(0.44%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
39,031.27
(0.35%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Metro Performance Glass (ASX: $MPP) receives unsolicited acquisition proposal
- Author: Stock Piper
Metro Performance Glass acquisition proposal overview
Metro Performance Glass (ASX:MPP) has been approached with a non-binding acquisition proposal from CCP VI Bidco (NZ) Ltd, managed by Crescent Capital Partners. The offer suggests acquiring all Metro shares at 8 cents each, subject to several conditions including regulatory approvals and high shareholder acceptance.
Summary of Metro Performance Glass acquisition proposal
Metro Performance Glass has received an unsolicited proposal from CCP VI Bidco to acquire all shares at 8 cents per share. This proposal is conditional on due diligence, regulatory approvals, bank agreements, and shareholder acceptance. The directors express concerns over conducting due diligence with a competitor and potential challenges with regulatory approvals. They have not made a decision on the proposal and will continue to assess strategic options, ensuring any action aligns with shareholder interests. Decisions regarding the proposal will be informed by further advice and evaluation of ongoing strategic considerations.
Executive commentary on acquisition proposal
The directors of Metro Performance Glass are currently unable to determine if the proposed price of 8 cents per share represents fair value. Given the uncertainties and time constraints, they have not yet responded to the proposal. It is considered unlikely that pursuing the proposal would be in the best interests of shareholders.
METRO PERFORMANCE GLASS LIMITED
MPP | ASX | Industrials
0.060(+0%)
At close 24/12 (AEDT)
Market cap
$11.6M
Volume
132,790
DY Yield
PE Ratio
52 Week Range
0.04 - 0.17
1YR Return
N / A
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