Why do companies like MLX do this.
They know hindalco own 51pc yet the offer is cinditional at 90pc. Wouldn't you have thought that if cookie and the rest of the board were as smart as everyone thinks then the approach would have been via hindalco and if that didn't work walk away. Less time and money.
This is a classic case of MLX being arrogant and think just because they have money they can disrupt other companies by making useless bids.
Usually the time comes for directors who behave like this where they get the same treatment.
Their hostile useless attack worries me in terms of running MLX business. They should get on with the job of developing everything else they have bought.
Why do companies like MLX do this. They know hindalco own 51pc...
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Last
54.5¢ |
Change
-0.015(2.68%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.0¢ | 54.0¢ | $1.127M | 2.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 197178 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 15550 | 1 |
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| Last trade - 16.16pm 04/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |