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
Remember most shareholders supported the deal and it was a very...
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Last
$10.34 |
Change
-0.070(0.67%) |
Mkt cap ! $17.81B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.50 | $10.31 | $34.22M | 3.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10589 | $10.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 9232 | 2 |
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| ORG (ASX) Chart |