This is the first I've ever heard it suggested by anyone that OZL just waltzed in and offered 17c and the board said "Righto". Like you suggest this scenario seems very foolish.
MKT The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint
Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%