Looks like this will end up in front of the Takeover Panel.
NRW can argue that by refusing to negotiate on NRW's superior proposal, MACA's board is not fulfilling It's fiduciary duty.
MACA's board are legally compelled to negotiate a higher offer for the benefit of it's shareholders.
Ann: NRW confirms MACA (MLD) approach, page-12
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Last
$3.56 |
Change
0.010(0.28%) |
Mkt cap ! $1.620B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.59 | $3.53 | $3.945M | 1.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6745 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 2388 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NWH (ASX) Chart |