I think you have missed the most likely outcome. And that is GR getting ALB to cut her in on the SoA. Why do you think GR will pay more than $3 when she can do a deal with ALB and benefit from the agreed $3 price that BoD has already agreed to support? ALB can choose to either share the prize with GR at $3 or pay more. Both ALB and GR have an incentive to try and buy LTR as cheap as possible I dont see retail shareholders getting any benefit here. BoD should have forced ALB to bid as a T/O. Then if there were other interested parties (GR) there would have had to be a bidding war. SoA (unless associated with VA/solvency) only ever serve to stitch up small shareholders.
I think you have missed the most likely outcome. And that is GR...
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Last
$1.40 |
Change
0.070(5.26%) |
Mkt cap ! $3.394B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.40 | $1.31 | $17.90M | 13.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 257662 | 18 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
0.070 ( 5.25 %) |
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| Open | High | Low | Volume | ||
| $1.32 | $1.39 | $1.31 | 3329317 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| LTR (ASX) Chart |