"How often is a "Bidder" allowed to continually extend the Offer acceptance date? This is now the third extension. Are they able to continually do this and eventually some shareholders will grow tired of the process and release their shares. This is all part of the manipulation process - my opionion only of course!"
They can extend the offer for a period of 12 months, according to Australian law.
Why would shareholders release their shares if they thought the takeover offer price fundamentally undervalued their company?
Can you explain how extending a takeover offer constitutes "manipulation"?
TRS Price at posting:
$2.75 Sentiment: Hold Disclosure: Held
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