It held between a reasonably predictable price range between $1.10 and $1.40 with a number of attempted breakouts above this that were heavily sold into to preventing the breakout over a number of months. This wasnt a spur of the moment thing from Wesfarmers and they note they had been looking at this deal for a considerable amount of time which gave them plenty of time to control the price and the VWAP's over 5/15/30/60 days to improve the look of the offer.
The trading (although low volume) on G1A has been interesting with most days closing back around the opening price even after decent pushes down (yesterday was a good example of this).
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