”When a bidder declares its bid ‘best and final’, the truth-in-takeovers policy strictly prevents the bidder from improving or extending its bid. Underpinning the truth-in-takeovers policy is the overall aim of market efficiency, seeking to establish certainty in, and reliability of, bidders’ statements”- from Herbert Smith Freehills.
There won’t be an increase to appease the arbitrage traders or anyone holding out for more.
Ann: Change of substantial holding for MGV, page-8
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Last
$2.23 |
Change
-0.070(3.04%) |
Mkt cap ! $2.571B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $3.123M | 1.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 106179 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 47137 | 9 |
View Market Depth
| Last trade - 14.32pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |