Hi mgc,
It was Mah that informed the market about Leighton wanting to end the standstill agreement.
From the announcement "The MOU automatically extends at the end of its initial two year period on 2 November 2009 unless either party determines otherwise"
The standstill agreement requires that Leighton have written consent from MAH before acquiring a shareholding beyond 19.9 per cent.
The way I read the statement MAH wants to continue the agreement in some form, while LEI definitely wants the standstill clause removed should the MOU continue.
Hi mgc,It was Mah that informed the market about Leighton...
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $711.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 31.5¢ | $1.704M | 5.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11201 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 350559 | 3 |
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| MAH (ASX) Chart |