In a hostile off-market takeover bid, the bidder will typically approach one or more major target securityholders on a confidential basis to seek to purchase target shares up to the 19.9% limit. A pre-bid stake is important for a hostile off-market takeover bid as it gives the bidder momentum and reduces the possibility that a third party will make a rival offer for control of target.In a friendly off-market takeover bid, the need for a pre-bid stake is not as acute as the bidder will have the benefit of the target board's recommendation that target shareholders accept the bidder's offer. Nevertheless, a pre-bid stake is still very helpful in reducing the possibility that a third party will make a rival offer.
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Last
4.2¢ |
Change
-0.003(6.67%) |
Mkt cap ! $187.0M |
Open | High | Low | Value | Volume |
4.4¢ | 4.6¢ | 4.2¢ | $491.3K | 11.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 514476 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | 0.044 |
2 | 2020465 | 0.043 |
16 | 419706 | 0.042 |
7 | 487661 | 0.041 |
18 | 1537298 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 19877 | 1 |
0.042 | 2380 | 1 |
0.043 | 2000000 | 1 |
0.044 | 450000 | 1 |
0.045 | 390000 | 1 |
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