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Automotive Solutions Group tops the ASX % Gainers following takeover offer

The offer price is a 31.4% premium to the recent weighted price.

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The top performing stocks intra-day

Automotive Solutions Group Ltd (ASX:4WD) shares have soared 55% to $0.34 intra-day following a takeover offer from AMA Group Ltd (ASX:AMA).

The cash offer for all of the shares in Automotive Solutions is priced at $0.35.

This offer is conditional upon certain conditions being satisfied including, amongst others, AMA achieving a relevant interest in not less than 50.1% of the total voting shares in Automotive Solutions at or before the end of the offer period.

AMA is already the largest shareholder with 31.29%.

Company Name Code Last Change Volume
Auto Solutions Ltd 4WD $0.340 54.55% 1,135,153
Quantum Resources Ltd QUR $0.015 50% 41,943,975
Jupiter Energy Ltd JPR $0.100 42.86% 262,772
Victory Mines Ltd VIC $0.011 37.50% 13,043,203
Ashley Services Group Ltd ASH $0.160 33.33% 1,901,130
Anson Resources Ltd ASN $0.099 25.32% 55,397,684
Kangaroo Resources Ltd KRL $0.025 25% 5,049

 

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