"......and it's going to be a bidding war..."1
Wish someone would explain to me how that would possibly play out.
Even if RIO should rock up (note pun) and say "Liontown, you're mine" and Gina at ~18% was the only one refusing to sell, then RIO would not be the sole owner, no matter what they offered.
I think there is a get out of jail card where the offer can be conditional for at least 90.1% of the shares, which guarantees a 100% transaction. Anything less and it can be,...
... if a the pursuer wishes all or nothing.
ASX Today, page-42796
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Last
77.0¢ |
Change
-0.020(2.53%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.5¢ | 76.5¢ | $7.899M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49526 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 386841 | 12 |
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| LTR (ASX) Chart |