Some good responses to your question here already - also remember that the "intent" to recommend accepting the offer was contingent on a number of requirements (ie. DD, independent assessment, better offer coming they may or may not know about etc) - @ChocolateTeapot has a good breakdown of the wording somewhere.
I like thinking about this almost with a sarcastic undertone from the Board...
"Sure guys, IF you can SOMEHOW prove to the world that this is in the best interest for everyone (good luck) - we'll back you. Until then, thanks for publicly rerating our the value of our company in this messy environment"
IMO. Could be wrong, but hope I'm right.
Some good responses to your question here already - also...
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Last
93.5¢ |
Change
0.020(2.19%) |
Mkt cap ! $2.218B | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 95.0¢ | 91.0¢ | $5.733M | 6.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 146072 | 93.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 124101 | 25 |
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| Last trade - 12.48pm 31/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |