Interesting game of chess playing out here. The market doesn’t like it from the REA perspective- fear of bidding too much hurting the sp. Rightmove predictably rejecting the offers so far.
Rightmove need to be careful not to overplay their hand though - these are generous offers on what has been a plodder of a stock. REA might end up walking.
A good example of this was the KKR bid for Ramsay Health at $A88 a couple of years ago - rejected by the board as low ball - deal fell over - Ramsay now trading at $A40 - dickheads.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$232.76 |
Change
-6.720(2.81%) |
Mkt cap ! $30.74B | |||
| Open | High | Low | Value | Volume |
| $239.14 | $239.80 | $232.49 | $17.57M | 74.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $232.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $232.77 | 1 | 1 |
View Market Depth
| Last trade - 15.48pm 01/08/2025 (20 minute delay) ? |
| REA (ASX) Chart |