It puts a floor on the price IMO.
If one assumes SFR wants the stock the lowest TO allowed is this price. Derisks buying if my understanding is correct.
Ann: UK City Code to Apply on Takeover or Merger, page-6
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Last
$3.88 |
Change
-0.110(2.76%) |
Mkt cap ! $1.078B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.95 | $3.76 | $948.2K | 244.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1465 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 1616 | 4 |
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| Last trade - 11.03am 12/11/2024 (20 minute delay) ? |
| ADT (ASX) Chart |