I guess MLX could try and injunct TAM from seeking shareholder approval in relation to the two offers. I think that would fail.
Storm in a teacup. The NST deal will go ahead unless MLX want to stump up something better. Simple as that. Shareholders will vote down the MLX deal because they are aware of the better NST deal. The Board had to tell shareholders there was a better deal from a larger company. What were they supposed to do...keep that quiet. Makes no sense.
Mind you I have seen lawyers argue that black is white. Some are very good at it. But the truth and reason always prevail.
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $398.7M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.8¢ | 39.5¢ | $957.5K | 2.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 276549 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 103322 | 4 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |
