PDL 0.00% $5.18 pendal group limited

Ann: Non-Binding Indicative Proposal from Perpetual Limited, page-58

  1. 785 Posts.
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    I don't hold either PPT or PDL but I am curious as to know why offer needs to be at last cap.raising price?(in this case or in any take-over).
    Happy to be educated.
 
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Currently unlisted public company.

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