Stashie
The point is that no-one "knows" what KAR has at this point in time (not even KAR). Hence the "big boys" cannot come in with a full and fair offer.
All they could do at the moment is try an opportunistic low offer, to de-risk their position and maximize the upside.
For KAR shareholders, that is clearly not the optimum outcome. Not by a long way.
interesting article re kar, page-8
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Last
$1.48 |
Change
0.000(0.00%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.48 | $9.090M | 6.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |