And therefore they rejected the $6.88 opportunistic offer and accepted $6.80 offer and straightaway CR which gives opportunity to Hony to buy as discounted price of $3.85 and make Hony average price to be below $6/share. If this is the case, I really don't see how this isbringing to most value to STO shareholder.
P.S. I believe that the share price still will hold up filmly after CR, but this is still far away from the $6.88 we should have at least pocketed. Is STO leading us through the muddy road, or there is something we misinterpreted to see the real picture.
Post-Trading Halt Price, page-11
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Last
$7.58 |
Change
-0.280(3.56%) |
Mkt cap ! $24.68B | |||
| Open | High | Low | Value | Volume |
| $7.66 | $7.66 | $7.53 | $21.28M | 2.799M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 18987 | $7.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.59 | 32802 | 25 |
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| Last trade - 12.51pm 05/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |