It seems from this morning's announcement that about 74,000 of...

  1. 186 Posts.
    It seems from this morning's announcement that about 74,000 of the EBT traded on Friday was ANZ.

    These traded at 0.068. A bid was listed at 0.066 and was not taken up.

    Does this mean that ANZ has come to a policy that it will sell at 0.068 and not below? If so would this relate to an off market offer or their intrinsic valuation?

    Would this be likely to be reviewed over time or will the holding remain until all 54,000,000 are purchased at this price?

    Lots of questions I know but if someone out there has a banking background I would be interested to know what to expect in the unlikely event that management or someone else doesnt take out this holding in one hit.

 
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