If it was a good deal for shareholders, which they are, why did they then negotiate a whole lot of extra "benefits" for themselves? The offer should have been enough!
They are getting overs, at the shareholders expense. It's not on - collusion, corruption, and insider advantage.
Also, if this has been going on for 6 months, and INSIDER TRADING TRANSACTIONS
ACQUISITION AND TAKEOVER RULESSOURCE: https://www.allens.com.au/globalassets/pdfs/sectors-services/ma/takeovers-handbook.pdf
- target shareholders have a reasonable time to consider a proposed acquisition and are given enough information to enable them to assess the merits of the proposal; and
- target shareholders have an equal opportunity to participate in the benefits of a change of control of a company (referred to as a control transaction)
Withholding the DFS is depriving shareholders enough information to enable them to assess the merits of the proposal
We do not have equal opportunity, when shareholders who are directors and/or employees are privy to other benefits
LRS General Discussion, page-19289
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Last
20.3¢ |
Change
0.003(1.25%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $2.154M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1349182 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 6628862 | 39 |
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| Last trade - 11.35am 16/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |