they are both required to keep their offer open until its closing date.
there were no conditions, I think, on either of those offers (?), so no conditions or excuse to close it early.
there is also the "truth in takeovers" provisions to comply with.
I am not sure if STX can close or withdraw offer on basis that it has not officially opened - but why would they, as they have got the support of that other 10% of s/h who want to see a merger.
Whoever purchased that 15% had 2 Business days to lodge a Substantial SHareholder Notice.
Anyone who acquires an interest in 5% or more, must lodge the Notice.
Anyone recall which day that 190m or so was traded??
So 2 Business days after that trading day - so today or tomorrow ????
If no Sub S/H Notice is lodged, then it must mean that the parcel was purchased by a number of different parties - who must all be unrelated.
they probably have until close of business today?
If Media is saying it is MIN, then odds on that is who purchased the parcel.
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $587.4M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.8¢ | $921.8K | 4.574M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 1685893 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 0.200 |
9 | 1172185 | 0.195 |
14 | 1108659 | 0.190 |
9 | 1039949 | 0.185 |
19 | 1826434 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 1685893 | 27 |
0.210 | 975666 | 19 |
0.215 | 1406476 | 13 |
0.220 | 1095625 | 13 |
0.225 | 230238 | 6 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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