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
The following link from Freehills is good reading regarding...
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Last
$8.00 |
Change
-0.050(0.62%) |
Mkt cap ! $1.258B | |||
| Open | High | Low | Value | Volume |
| $8.06 | $8.08 | $7.86 | $3.580M | 450.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 544 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 1719 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$8.00 |
Change
-0.050 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| $8.06 | $8.07 | $7.86 | 79921 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ELD (ASX) Chart |