RE: Ageas would need to offer 270p to 300p a share for Direct Line, says Jefferies29 Feb 2024 20:25
My understanding is that until a deal is complete no rns needs to be submitted.
Therefore if a company wishes to buy say 20million shares of a company below say £2. Then no RNS would be needed until all shares had been bought, this could take several days/weeks.
Could someone with more knowledge confirm this to be true?