Reported by ABC radio news at 6.00am:
An acceptance after the deadline has pushed APA's bid over 50%. What happens now is up to the takeovers panel.
In hindsight this may be the reason APA announced the failure so soon. They wanted to flush out more acceptances and put pressure on the takeovers panel.
It will make a mockery of bid deadlines if this is allowed to go through.
Pezz
late acceptance pushes bid over 50 pc
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$6.15 |
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Mkt cap ! $10.02B | |||
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