I don't think that assets(includes rights) of any company can be distributed to shareholders without a break up(liquidation). IMO, this is a strategic move by Meridian to force STAM to up its offer. I'm really surprised that FAR management hasn't rejected the offer outright.
Ann: Meridian Rejection of Samuel Terry Takeover, page-5
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |