Share price is the most 'Accurate' price for the valuation, imo.
That's why capital raising is always based on the latest share price, i.e. VWAP etc.
I recalled one ASX stock, share price was pushed down, then Chinese lodged a takeover bid at substantial
premium![Roll Eyes](styles/default/xenforo/clear.png)
A takeover requires shareholder approval, premium to last closed share price is very important to obtain 'Yes' vote from the shareholders, imo.
One cent down, could potentially save $45m on the offer based on my estimates.