Usually by a bigger company via a scrip offer, it's a short term sugar hit for the sp and generally puts a floor in the sp. The sp may fluctuate but it's fluctuations will be tied to that of the buyer.
Recently went through the whole process with MIN buying NWE. I sold on market for cash rather than get scrip from those pricks at MIN.
Takeover Talk, page-2
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $77.51M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $37.16K | 1.559M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1371447 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 42608 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |