I have been involved in several TOs, and you can't "reject"
actually, you will find the board will basically be forced to recommend that kind of premium without a 2nd bidder.
You just don't sell into any offer, say look at TAP recently....5.4c to 7.1c to 9.1c and nearly gone. (I remember NDO as another I was in)
In the end, it's still not 100% premium.
You can't "muster" 10% per se
You just need the acquirer to not reach 90%+ to engage compulsory TO by ASX TO rules.
So think if it as holding out for a sweetened offer (as a group maybe).
Many will be done at 100% no matter the "future" value as recurring cash-flow is years away due to the sector we are in and trials.
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $37.94M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $423 | 2.016K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 41003 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 10656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 41003 | 0.205 |
3 | 20000 | 0.200 |
1 | 40000 | 0.195 |
3 | 21690 | 0.190 |
1 | 135135 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 10656 | 1 |
0.220 | 42000 | 1 |
0.235 | 24281 | 1 |
0.240 | 21613 | 2 |
0.250 | 478 | 1 |
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