I could be wrong but usually the company buys the majority holding or all of the companies shares - including ours, however that needs to be agreed to by the share holders - the majority share holder(s) - unless its a hostile takeover and they purchase the majority.
They submit an offer per share (example $10.00 per share)
I dont believe COP own any of KAR - only 60% of posideon?
the price would most likely significantly go up, a takeover can be good or bad, if they offer for example $15.00 per share, thats great for some of us, but long term - kar would most likely be worth ALLOT more, so bad for people who planned to stay long term holders.
hope this makes sense, it was a rushed reply.
oh i hope this is true!!, page-6
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Last
$1.87 |
Change
-0.030(1.58%) |
Mkt cap ! $1.498B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.91 | $1.87 | $6.716M | 3.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 26069 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 46025 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |