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In its refusal, Macarthur said the offer did not "represent an adequate premium to Macarthur's recent trading prices".
When markets dry up in times of stress, the indicative prices may be far removed from the actual trading prices.
Its trading prices are not made public.Even by the standards of very poor countries, Congo scores abysmally.
But under the S.E.C.'s proposal, investors who buy derivative contracts from banks would be armed with the trading prices.
But FileNet's chief executive, Lee D. Roberts, called it "a solid premium over historical trading prices of our stock".
Its trading prices are not made public.Despite these many problems the panel is loth to succumb to what its report calls "resource pessimism".
Similar(12)
Felix's last trading price was 16.90 dollars.
The bid price was 50 percent above the trading price of Chapters shares on the Toronto Stock Exchange.
The company first went public in 1999, and reached a peak trading price in 2007 of about $18 a share.
Investors can trade in real time for a $14.95 commission, though they cannot specify a trading price.
A possible trading price,, is set to (7).
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