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%.
|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|