The same theory should apply to SDL as well, yet its share price is now exceeding the proposed offer. The market must think another bidder will enter the contest.
But I do agree that if the market stablises the share price may start to move up a little.
why is share price so low?, page-21
Add BMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.84 |
Change
0.100(3.65%) |
Mkt cap ! $499.1M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.89 | $2.78 | $1.724M | 605.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 646 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |