Be it Gina or other, ALB is not required to make a new offer
However if ALB doesn't make an improved offer, there are million ways to slow play or sell what they have and bow out or keep what they have and bide their time. (all they have to do is file relevant notices to keep the market informed)
Once ALB reaches 20% threshold, asx limits how many more shares they can buy organically on market every 6 months aka SevenWest takeover of Boral, without Takeover offers.
T/O offer doesn't become final until ALB says so, there is no limits to improved offers.....
Even after Final/Last bid in 4 months a new T/O bid can be made again if the other bidder have not finalised or never had the intention of T/O just a controlling stake
However an improved offer is likely, but until ALB reaches 20% they can do it in stealth to some extent
ASX Today, page-32188
-
- There are more pages in this discussion • 8,831 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2797617 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 341986 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |