Looks to me like the takeover bid was a shareholder in SHV attempting to shake out a real bid so they could get a nice premium for their shares.
Looks like it was also a nice opportunity for SHV to launch a capital raising into without having to offer a discount to the then prevailing market price.
SHV Suitors, page-24
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Last
$3.76 |
Change
0.080(2.17%) |
Mkt cap ! $534.3M | |||
| Open | High | Low | Value | Volume |
| $3.68 | $3.78 | $3.62 | $879.9K | 236.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 907 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 3666 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SHV (ASX) Chart |