Ann: Bid by IMC For LRF , page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. asf
    9,887 Posts.
    Just looking at this Announcement on the bid for LRF (ASX:LRF- worthwhile keeping an eye on their forum).

    Being a 19.44% holder in MOY, it is in the interests of LRF for our share price to remain very steady. IMC has specified that LRF needs to retain a certain NTA for the bid to go through. Given the chaotic nature of the markets, anything could happen. It is also in the interests of IMC to have the MOY share price remain steady (or go up!) not only because IMC are a MOY shareholder, but also because they have offered a fixed price for LRF, but if the MOY share price rises, IMC gets more bang for their fixed-price buck.
 
watchlist Created with Sketch. Add LRF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.