Why would Allansford instigate an on market T/O for TRS at $2.70, and then go about informing the market of the problems with the company
Because they want people to accept their offer.
Pretty standard script in the Bidder's Statement in any takeover situation.
Nothing overly remarkable about that.
But that's not the question I asked you: namely, why the share price should be running hot?
Put another way, given the circumstances, why would anyone pay up much above the $2.70 Bidder's price?
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Last
$6.66 |
Change
-0.020(0.30%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.68 | $6.66 | $929.4K | 139.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5727 | $6.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.68 | 72861 | 3 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |