"Can anyone fully explain exactly what they mean? I know the price will by subject to share pricing in that final period, but what does 'the lower of $26.00 and the average price' mean?"
It means the most you will pay is $26 a share. But if the price drops to say $20 a share over the last few days of the offer period, then you will pay less than that (the avg of the last 5? days)
cba spp , page-19
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Last
$135.39 |
Change
1.230(0.92%) |
Mkt cap ! $226.5B | |||
| Open | High | Low | Value | Volume |
| $134.50 | $136.11 | $134.32 | $462.5M | 3.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1980 | $135.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $135.39 | 2342 | 1 |
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| CBA (ASX) Chart |