Put yourself in the shoes of Madison: turn down bids deemed too low vs the business rationale, come up with an alternative offer at a lower price (for lack of any other current suitor, even if not in the interest of minority shareholders), keep the option of a capital raise (at an even lower price!) if the buyout offer doesn't go through.
I don't necessarily approve but I respect the thought process...
Takeover Bid may be over, Capital Raising is coming, page-4
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 (20min delay)
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Last
$1.39 |
Change
0.005(0.36%) |
Mkt cap ! $1.270B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.38 | $2.538M | 1.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 2027497 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 595880 | 8 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.40 |
Change
0.005 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $1.39 | $1.40 | $1.38 | 629124 | ||
| Last updated 16.03pm 07/06/2024 ? | |||||
| APM (ASX) Chart |