At the current price, a takeover would probably not be in shareholders best interest.
The bidder could get 50% effective control without acquiring the the diluted interests of Lynch Family & Co. If the bidder did so it could seek to de-list the company to force the hand of the remaining shareholders.
Lynch Family & Co would then likely capitulate to accept the bidder's offer, else risk a falling share-price once the offer closes. If bidder attains 90%, remaining 10% becomes compulsory & the company would then likely be de-listed & go offshore.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $8.624K | 2.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 23897419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2825460 | 5 |
View Market Depth
| Last trade - 14.38pm 01/08/2025 (20 minute delay) ? |
| CTO (ASX) Chart |