not necessarily, if the board clearly reject that offer.
But will drop hard if the board still hooking up to engage Innodata, such as offer to open the book or data room.
But I don't see that rejection in this announcement that is the worry, I hope there is another ann tomorrow morning before the open, with statement the offer highly undervalued our shares.
Ann: Response to ASX Price Query, page-25
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Last
$2.01 |
Change
0.015(0.75%) |
Mkt cap ! $508.3M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.04 | $1.94 | $11.97M | 6.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18754 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 49442 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |