Remember most shareholders supported the deal and it was a very close call. It was only because of AusSuper and a minority of other shareholders the deal didnt go through.
So the board was acting in interests of shareholders by entertaining the bid (which was a massive premium when it was first made).
Despite being against the transaction I would be very happy to see board and chair stay. The company is doing a good job so far in navigating what is a difficult industry. The share price is getting back close to bid price. Let's not derail it
Ann: Origin Reports Half Year Results, page-8
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$9.79 |
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Mkt cap ! $16.86B | |||
| Open | High | Low | Value | Volume |
| $9.84 | $9.89 | $9.77 | $16.31M | 1.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36587 | $9.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.82 | 1964 | 1 |
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