ADE 0.00% 19.5¢ adelaide energy limited

anyone sold at 20c, page-28

  1. 263 Posts.
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    Maybe there was some funny business with this T/O offer. Maybe some prior deal made between Beach and Walker to establish a price for his share in the company. As far as I understand to gain more than 20% holding you have to make a full T/O offer. I feel if beach was legitimate about taking over all the shares in ADE they would have offered a better price
 
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Currently unlisted public company.

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