Yes it's not as straightforward as 50% or 90%. At 50% you basically have control as you can pass ordinary resolutions. At 75% you can pass special resolutions. As long as you still meet your fiduciary duty in the process this could see your asset sold to the predator/majority shareholder or similar. I would still expect a revised uplifted offer would go to minority holders if less than 90% take initial offer but definitely no guarantee of that.
Yes it's not as straightforward as 50% or 90%. At 50% you...
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Last
$20.71 |
Change
0.000(0.00%) |
Mkt cap ! $2.644B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 321 | $21.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.30 | 116 | 1 |
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| Last trade - 16.32pm 23/05/2024 (20 minute delay) ? |
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