I think the tactic here is to let the process drag on, while hopefully good winter sales allow management to claim a turnaround and hence argue that the bid undervalues the business.
Ann: Briscoe takeover notice of despatch, page-2
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Last
37.0¢ |
Change
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Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 36.5¢ | $113.2K | 302.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 74089 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 24072 | 1 |
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