The following link from Freehills is good reading regarding on-market takeover bids. It suggests that if one decides to sell stock into an on-market takeover bid they are unable to receive a higher price later (should it arise).
http://www.herbertsmithfreehills.com/insights/legal-briefings/resurgence-in-on-market-takeover-bids
The Government provides more detail here (and this is in line with Freehills):
http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm
Possibility of increased bid for ELDPA, page-10
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Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $8.32 | $8.37 | $8.16 | $3.570M | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1944 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 459 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |