The big question is has there been a breach here? What was the offer price? Why wasn't it shared? Is this why Sn left? The failure to announce the offer meant rivals weren't enticed to act. BOD had no right to make that decision on our behalf. I want answers.
Disclosure of a Takeover Bid – Listing Rule 3.1If a company receives or makes a takeover offer, and the information is price sensitive, it must be disclosed immediately to the ASX."Immediately" means promptly and without delay, not at the company’s convenience.Even non-binding indicative proposals (e.g., "expressions of interest") must be disclosed if they are credible and market-moving.
STX Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
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