It's not an ASX or other regulatory rule. It is up to the bidder to decide when to issue shares. In my view this should be amended from one month to one week max. The bid is unconditional and any acceptances result in issue of DRX shares.
Ann: MLM takeover offer - Update and Extension of Offer Period, page-19
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Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $130.2M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.6¢ | 2.4¢ | $112.3K | 4.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 1120836 | 3 |
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| Last trade - 14.56pm 10/10/2024 (20 minute delay) ? |
| DRX (ASX) Chart |