I think the issue is not with the offer price, but there are conditions to be met.
By the way, when you allow third parties to assess your book and operations, the outcomes can be ugly.
for example ECX very recently.
Ann: Non Binding Conditional Indicative Proposal from Wesfarmers, page-47
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Last
$6.88 |
Change
0.100(1.47%) |
Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| $6.81 | $6.93 | $6.74 | $19.63M | 2.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14245 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 157125 | 9 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
