"The understanding is that Harbour wants to pay about $5.30 a share for the company, but hedge funds are willing to accept only a price of at least $5.60 and institutional investors at least $6." - Close at $5 today makes it easy to have a nice round % premium....would be curious to see who is feeding the media - is setting it up for a $6.20-6.30 bid in my eyes by stating that the instos are after $6. Logic being that an insto knows the 'value' and if a premium is added to that then Joe Blow would see it as exceeding fair value....
Grasping at straws, but who knows...
STO $6.86, page-14
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Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125302 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 766 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |