It puts a floor on the price IMO.
If one assumes SFR wants the stock the lowest TO allowed is this price. Derisks buying if my understanding is correct.
Ann: UK City Code to Apply on Takeover or Merger, page-6
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Last
$2.70 |
Change
-0.040(1.46%) |
Mkt cap ! $756.3M | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.76 | $2.69 | $407.7K | 149.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 329 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| ADT (ASX) Chart |