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
$9.20 |
Change
0.030(0.33%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $9.28 | $9.28 | $9.03 | $3.598M | 392.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13049 | $9.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.20 | 1062 | 2 |
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