I don’t believe they can kick off a buy back to force somebody past 20% and by doing so make them do a takeover offer. There are rules around this. Even if they did Stx could just say yep we make a takeover offer at 10c, so it would go nowhere if Stx didn’t want it to. Stx are under no obligation to ever again offer 1:1 unless they want to.
Ann: Strike increases ownership of Warrego to 19.9%, page-191
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Last
20.3¢ |
Change
0.003(1.25%) |
Mkt cap ! $586.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $182.0K | 904.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 4434172 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 3020718 | 36 |
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| Last trade - 10.48am 24/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |