All very true. So maybe what we are looking at here, is a company that had become a sitting duck for a hostile market bid. An outright take-over would not possible due to the shareholdings of the board, but a hostile bid could gain control making life very difficult. Therefore, the chairman and major shareholder decides to move first to retain control over the process.
Ann: hummgroup announces change of Chair and receipt of proposals, page-234
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Last
79.0¢ |
Change
-0.010(1.25%) |
Mkt cap ! $388.1M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 80.0¢ | 78.0¢ | $510.9K | 645.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 80183 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 681 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| HUM (ASX) Chart |