LST lion selection limited

Am I missing something here? Two takover offers for Indophil at...

  1. 112 Posts.
    Am I missing something here?

    Two takover offers for Indophil at $1.28, the winning one with a sweetner and Lion runs off and sells 70M shares to the loser at $1.17!!!

    I know they have pressure on the sp, but I can't quite see how giving up $7.7M generates a better outcome for Lion shareholders?!?!?!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.