PNA 0.00% $1.84 panaust limited

I'm a little confused. I thought under a takeover they could not...

  1. 255 Posts.
    I'm a little confused. I thought under a takeover they could not increase their holding outside the share offer for 1.71 and now 1.85. Buying on market for above this would be seen as preferential treatment?

    Dies anyone know the ASX rules?
 
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Currently unlisted public company.

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