Takeover announcement but nobody buying?
- Thread starter Deriv555
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galumay
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If you are referring to iinet, its suspended due to the takeover offer.
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is it ??just sold mine at 8.66 at 10:07 (qld time)?
skc
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When a takeover is announced, the ASX trading won't start for 1 hour after the announcement. Or, if the announcement was made when market was closed, it'd open at 11am (ASX time) the next day.
Looking at the time stamp on your post (and asusming you are referring to IIN and TPM), it was not yet open for trading.
