I don't know the purpose, but one idea comes to mind:
- you never want to hold a minor share in a business where you consider the business may not be run (by major holders/management/board) in the interests of all shareholders [If you are a shareholder in any ASX listed company you may appreciate this principle!]
Of course, more likely that it is just not a strategic opportunity any more, and no synergies with other businesses, so realise the asset for good price and strengthen balance sheet (and look for other opportunities).
AS an aside, AUD$280M represents about 2.4cents per TLS share
I don't know the purpose, but one idea comes to mind: - you...
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Last
$3.86 |
Change
-0.020(0.52%) |
Mkt cap ! $44.60B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.87 | $3.84 | $58.46M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 68399 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 76368 | 8 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| TLS (ASX) Chart |