DVC dca group limited

Given the TO price is $3.50, why is it only trading about...

  1. 166 Posts.
    Given the TO price is $3.50, why is it only trading about $3.42/4 ish. I suspect there could be another bidder, but even if not, with the proposed $0.15 FF dividend why is it not trading at close to the bid price? What am I missing?
 
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