The Board can reject it all they like and we agree it still
undervalues the company significantly but what is the Board therefore going to do to maximise value for shareholders in lieu of this offer because the market certainly doesn’t think the merger with PDL is in the best interest of shareholders right now???
I personally would like the Board to initiate a strategic review of the business which may include the breakup and divestment of all business units separately and thosw
funds to be returned back to shareholders - pay PDL their mesely $23M break fee who cares this would easily deliver the greatest return for shareholders.
Ann: Rejection of revised non-binding indicative proposal, page-2
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Last
$21.59 |
Change
-0.360(1.64%) |
Mkt cap ! $2.451B | |||
| Open | High | Low | Value | Volume |
| $21.88 | $22.00 | $21.52 | $6.897M | 317.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 883 | $21.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.60 | 269 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$21.59 |
Change
-0.360 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| $21.89 | $21.96 | $21.53 | 25398 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| PPT (ASX) Chart |