Why is this trading well below the offer price? From other takeover stocks I've seen the share price goes close to the offer price after its been disclosed to the market, this is trading at a 10% discount.
Can management decide against this without shareholder approval like last time?
Ann: Receipt of unsolicited proposal from Harbour Energy, page-32
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Last
$7.39 |
Change
-0.020(0.27%) |
Mkt cap ! $23.90B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.40 | $7.32 | $10.33M | 1.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 24244 | $7.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.39 | 15677 | 27 |
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| Last trade - 13.39pm 28/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |