I don’t understand why the company would open the books and incur costs to be taken over when the offer price was inadequate to begin with. If the non binding offer was in excess of say $10 it would make sense to incur time and cost to the potential deal.
Ann: Termination of discussions re proposal to acquire 100% PAC, page-2
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Last
$10.33 |
Change
0.080(0.78%) |
Mkt cap ! $535.0M | |||
| Open | High | Low | Value | Volume |
| $10.33 | $10.44 | $10.18 | $87.65K | 8.541K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12 | $10.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.34 | 192 | 3 |
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| Last trade - 12.44pm 10/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |