This share buy back tender is confusing me somewhat. It looks like only the tenders with the highest discount will be purchased back. I'm not sure why anyone would sell their shares for 12-14% discount to the market?
I can not help but think I am missing something here........help?
Share buyback, page-3
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Last
$127.45 |
Change
4.230(3.43%) |
Mkt cap ! $47.31B | |||
| Open | High | Low | Value | Volume |
| $126.25 | $127.95 | $125.00 | $303.5M | 2.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1052 | $127.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.49 | 3457 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |