Can the board seriously state, in an announcement they recommend shareholders accept the $3 offer but not really intend to? I think their is Director duties, market manipulation or other rules that prohibit that surely?
Seems to me a big mountain to climb to defeat this with TG camp presumably in favour of $3 offer? Theyd just knock it back and do what they did at other ALB offers, price wod have hit $3.20+ or more if that was their intention.
Appreciate Gina trying to block that and may still, but she is not stupid either, doesnt buy over $3, so at worst she breaks even if deal goes through. She thinks there is short term risk, long term no drama.
Best case, for next 3 mth is ALB due diligence goes through, $3 paid. If offer withdrawn or is defeated price will prob dive. People should prepare for that.
I hope it goes to production for the record. just being a realist.
ASX Today, page-32954
-
- There are more pages in this discussion • 7,982 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
98.5¢ |
Change
-0.015(1.50%) |
Mkt cap ! $2.388B | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.01 | 98.0¢ | $18.70M | 18.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21958 | 98.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 504777 | 10 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |