RE: Purely Speculation24 Jan 2024 20:40
Seedy - I guess that is possible, but hopefully the B.O.D. would have a figure in mind to accept which would not be affected by the sp at any time. In takeovers, sometimes the offer is only a few % above market price and sometimes 2 or 3 times as much. They say they had an offer last year but did not disclose the amount, only that it was not worth considering.
If the share price is 8p would the BOD be more inclined to accept (or recommend to shareholders) say 40p than if the sp was say 38p ?
If they think the Company is worth 50p they may not accept 40p whether sp was 8p or 38p. But they probably have to inform all shareholders if they have a serious offer .