If a takeover bid is made for a company, and the price of the takeover is increased, it is my understanding that all shareholders who accept the offer get paid the increased price (irrespective of when they sell).
What happens in a situation where a company (like Elders) stands in the market and announces an on-market bid. They pick up shares at one price and then have the freedom to increase the price without offering to those who sold early? Is that correct? is there a time limit in terms of when they can return to mop up at higher price?
Possibility of increased bid for ELDPA
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Last
$8.28 |
Change
-0.080(0.96%) |
Mkt cap ! $1.303B | |||
| Open | High | Low | Value | Volume |
| $8.41 | $8.41 | $8.23 | $7.622M | 917.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1101 | $8.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.29 | 18324 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |