RE: Next results23 Feb 2022 14:03
Agreed Jerry. This idea about a bidder having to match the 12 month high had been bugging me. From a quick look at the takeover code, it seems that if someone has over 10% of the company and wants to make a bid, they need to offer at least the highest price they have paid in the last 12 months. It doesn't matter what other people may have paid or how high the sp has been in that 12 month period.