Takeover bid coming from Linda cook?, page-123

Yes, I completely agree. The ultimate proof is that when the market heard about the takeover it DID have an immediate material effect on the share price. That's the point of continual disclosure, to inform the market of anything that would reasonably be expected to have a material affect on the share price. They didn't, and now the cat is out of the bag anyway, but not because they disclosed it. And it has transpired that the takeover offer was serious after all and about the start a bidding war imo. They were well within their rights in August to reject the bid, but they should have informed the market all the same.