in a holding pattern Rumours of a second bidder, took the price back to $7.20.
Lodgement of a bid by another bidder would see the hedge funds swoop again, to take the price to the $7.60 to $7.80 range probably within 30 minutes of trade.
However, a second bidder is still likely to wait for the ACCC's next statement in Dec.
TOL might not have been the only party to have built up a pre-bid stake.
Time will tell. This game will play into 2006.
- Forums
- ASX - General
- preopen; another takeover offer?
PRK
patrick corporation limited
in a holding pattern Rumours of a second bidder, took the price...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)