A "premium"...Not at all when you consider they are already a shareholder and are entitled to get the shares at $3.85 as well. I don't put any weight on that takeover offer, good for the press but doesn't change fundamentals of the company.
I don't think a major shareholder would pay a premium for shares in a company with such a negative sentiment. History tells us companies like looking after major shareholders and it is always the retail or little guy that suffers..
Post-Trading Halt Price, page-61
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Last
$7.95 |
Change
0.010(0.13%) |
Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $7.99 | $7.93 | $29.55M | 3.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 8844 | $7.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.96 | 69641 | 33 |
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| Last trade - 15.33pm 12/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |