I wasn't aware this wasn't successful for Stake back in 2023:Stake knocked back for Selfwealth takeover
Listed brokerage group SelfWealth has rejected a $41.2 million takeover offer from multinational competitor Stake.
Stake's offer price of 17.5 cents per share (CPS) was above SelfWealth's closing value of 14 cps at the close of trade on Thursday.
However, the SelfWealth Board announced on Friday that the proposal did not "offer appropriate value to Selfwealth shareholders".
Accordingly, the Board decided it was not in the best interests of SelfWealth shareholders to engage in discussions with Stake.
Shareholders may hold a different view.
SelfWeath stocks have plunged through 2023, falling from a high of 20.5 cps in January.
Amid speculation of the buyout, SelfWealth's share price jumped to 17.6 cps by midday Friday. It's a case of watch this space to see how Stake responds.
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Last
71.3¢ |
Change
0.028(4.01%) |
Mkt cap ! $75.06M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 72.0¢ | 70.0¢ | $35.09K | 49.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 710 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 6944 | 1 |
View Market Depth
| Last trade - 14.44pm 31/07/2025 (20 minute delay) ? |
| RZI (ASX) Chart |