Looks to me like the takeover bid was a shareholder in SHV attempting to shake out a real bid so they could get a nice premium for their shares.
Looks like it was also a nice opportunity for SHV to launch a capital raising into without having to offer a discount to the then prevailing market price.
Looks to me like the takeover bid was a shareholder in SHV...
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Last
$3.78 |
Change
0.130(3.56%) |
Mkt cap ! $517.6M | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.80 | $3.70 | $1.231M | 327.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 596 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 2947 | 7 |
View Market Depth
| Last trade - 12.06pm 08/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |