We have seen most recently the takeover offer for Santos. It happened earlier in the year for oil search. Both of these offers have put a bottom on the SP of both companies. The oil industry is a well connected industry it seems and I would think many professionals would be talking within it. It has come at a very important time for santos as shareholders were gettin hit very hard and asset sales were talk of the day and public shareholder backlash
What's to stop a gentlemans agreement behind closed doors of...... Make us an offer that we won't accept but will reflect better the value of the company, as the SP simple does not show true value. Seems like quite an easy way to get the market to wake up to the intrinsic value of a company without technically breaking any laws, in a downtrodden commodity market?
Pie in the sky stuff one might think but I would think not. These big corporations would do almost anything.
Takeover offer
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 50.5¢ | $37.26K | 72.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4455 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 10131 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |