I'm unsure how likely it is that Brookfield will enter the bidding war. However, I believe Bain Capital has made a clever move by driving the bidding to $4.30, same as cc partner. As others have suggested, unless a third player joins, rejecting the offer could lead to a significant drop in IOOF's share price as it creates an uncertainty again. I got a feeling rejection is quite likely to happen; if the new offer didn't happen before the rejection, we might see price fall back to $3- $3.50 again. Let's hope something positive happen in the next week or two ...
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Last
$3.45 |
Change
-0.070(1.99%) |
Mkt cap ! $2.360B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.45 | $335.1K | 96.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 36108 | $3.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 4384 | 4 |
View Market Depth
| Last trade - 10.22am 16/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |