Hi TR...
Yes there are slightly modified rules when a market based (ie either on or off market) takeover is in progress. That requires notification next day I think of plus 1% movements to enable all parties to make important decisions. I was simply responding to the overarching regulation.
If Hancock acts to accumulate under the creep provisions and then increases or indeed decreases its stake by more than 1%, the requirement in my earlier email prevails. So we will know if she creeps. But in reality, takeover tactics would mean that if Hancock wanted to start a takeover, they would launch straight into it with an unconditional offer imo. If they do a notification because they have bought over 1% of LTR shares, I would not be anticipating an immediate offer for all shares.
regards
DF
Hi TR...Yes there are slightly modified rules when a market...
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Last
78.5¢ |
Change
0.060(8.28%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 79.5¢ | 74.5¢ | $19.01M | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 46043 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 62337 | 7 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |