RDF 0.00% 95.8¢ redflex holdings limited

It's just a discounting of the bid price to make it worthwhile...

  1. 1,184 Posts.
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    It's just a discounting of the bid price to make it worthwhile for the buyer to hold till completion of sale which is still months away. You sell now at 5-10% discount or wait to settlement for full amount. I believe the bid is binding, unconditional and supported by the major shareholders and the board, so it should go through.
 
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Currently unlisted public company.

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