Could pls be buying shares on market as well to get voting...

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Bowlesy101

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15/08/24

15:18

Post #: 75223062
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Originally posted by BenjaminC: ↑

From reading the Ann. The Board’s recommendation is conditional on not receiving a better offer. This leaves the door open for another company to swoop in with a higher bid. I believe that Latin Resources could attract more interest, its worth waiting to see if another offer emerges.

Historically, counteroffers in mergers and acquisitions (M&A) often arise during the following stages: 1. After the Initial Announcement: Once the acquisition deal is publicly announced, other companies may see an opportunity to make a competing bid. This can happen soon after the initial announcement if other potential buyers were already interested or become interested due to the terms of the deal. 2. During the Due Diligence Period: Before the deal is finalised, there’s usually a period where the buyer conducts a thorough investigation of the target company (due diligence). During this time, other interested parties might come forward with a better offer, especially if they perceive the initial offer as undervaluing the company. 3. Before Shareholder Voting: In the case of a scheme of arrangement, like the one proposed between Pilbara Minerals and Latin Resources, shareholders of the target company (Latin Resources) need to vote on the deal. A counteroffer might emerge before this vote, encouraging shareholders to reject the original offer in favour of the new one. 4. Court Approval Stage: Even at the final stages, just before or during the court approval process, a counteroffer can be presented. This is less common but can still occur if a new bidder sees significant strategic value or if the initial deal faces hurdles.Counteroffers are usually most likely when the initial offer is seen as low, there’s a competitive industry environment, or the target company is particularly valuable or strategic.

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Could pls be buying shares on market as well to get voting rights? Volume is approaching 200million shares traded. Thats nearly 10% of all shares on issue

LRS Price at posting: 17.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.0¢		Change -0.005(2.56%)		Mkt cap ! $532.2M

Open	High	Low	Value	Volume
19.0¢	19.8¢	19.0¢	$1.297M	6.725M

Buyers (Bids)

No.	Vol.	Price($)
3	329825	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	526520	6

View Market Depth

No.	Vol.	Price($)
3	329825	0.190
7	1022007	0.185
10	889605	0.180
6	1044477	0.175
7	1089453	0.170

Price($)	Vol.	No.
0.195	526520	6
0.200	3778853	20
0.205	6057277	33
0.210	6507061	38
0.215	1985086	21

Last trade - 16.10pm 17/09/2024 (20 minute delay)

LRS (ASX) Chart

Could pls be buying shares on market as well to get voting...

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Could pls be buying shares on market as well to get voting...

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Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

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