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Openai/6952b500-851c-8011-9361-2f64632b350b
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===== A takeover bid price may act as a ceiling for where the share trades in the market β but the stock will often trade noticeably below that until: ===== * The bidder makes a firm offer under the Takeover Code, * All conditions are met (regulatory, financing, audited accounts), and * **Shareholders accept the bid. Until then, the price reflects: β the risk the offer could be lowered β the possibility it might be withdrawn β the risk of other financing outcomes β discount for company risk and market conditions
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