Because they wanted to buy the entire company in one go? If they tried buying every share on the market the price would be $1000 due to demand and traders piling in.
Ann: Autodesk, Inc. Acquisition Proposal (Rejected), page-87
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 (20min delay)
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Last
$65.85 |
Change
0.450(0.69%) |
Mkt cap ! $8.687B | |||
| Open | High | Low | Value | Volume |
| $65.50 | $65.97 | $65.45 | $19.70M | 299.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24242 | $65.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.87 | 2058 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$65.75 |
Change
0.450 ( 0.45 %) |
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| Open | High | Low | Volume | ||
| $65.45 | $65.96 | $65.45 | 80568 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| ALU (ASX) Chart |