What a well written and factual reply to the 'rejection of offer' for the current takeover of Spotless.
Spotless literally is a dog of the ASX and the board has been successful in eroding shareholder value and regardless of what spin the board of Spotless place for the company's future they are only going to erode value further. Call it a 'strategy reset' but l call it squandering money with no respite in place.
Downer have played this well and l wholeheartedly agree that the offer price shouldn't be raised a cent more and is actually generous with all things considered.
Watch the SP take off once the market prices in no takeover, happy days.....
GLTAH
Great response from Downer
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Last
$5.76 |
Change
0.050(0.88%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.69 | $4.241M | 737.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11134 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 9983 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
