Really interesting price inaction on TPD this morning. Trading 18/18.5
Obviously there are two price tensions involved.
Firstly an offer has been made above the current market and you would expect at least a small run in the price.
On the other hand you have the tension involved in maybe a capital raise so a dampener on the share price.
Lets see how this plays out.
Early days I think.
Ann: Response to Media Coverage - Non Binding Indicative Proposal, page-23
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