I think there were several decision points, and we aren't operating with all the knowledge that TBR management have, but in logical order the decision points were:
1 - Referral to Takeover Panel
2 - Post Takeover Panel decision (e.g. legal challenge or not?)
3 - Dividends out the door
4 - Unsolicited offer from NST
5 - Offer by TBR to buy out NST's share of EKJV
6 - Possible discussions with various other parties
7 - Announcement of EVN being on the register
Please correct me if I have this out of order or have omitted anything important, I am just guessing that step 6 happened and we may never know, but for some reason Anton Billis didn't elect to go public at this stage 6, just a guess, but possibilities are Anton himself wanting to stay out of public arena, or at the request of TBR's own advisors, or possibly at the request of Jake Klien/EVN? If I was a betting man, I would bet that the first and third possibilites are pretty strong candidates...
I think there were several decision points, and we aren't...
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Last
$4.77 |
Change
0.000(0.00%) |
Mkt cap ! $250.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2799 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.77 | 1048 | 3 |
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| Last trade - 16.21pm 07/07/2025 (20 minute delay) ? |
| TBR (ASX) Chart |
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