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http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/inde...

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528 Posts.

36

15/06/18

10:57

Post #: 33731341
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Originally posted by Kalenn ↑

You keep making enormous leaps that are not backed by the cold hard facts.

It's possible that DB and S had some explainable off market hand over at 16c and therefore you are correct BUT it is far more likely that S was always the beneficial owner and hence there has been no shenanigans, just a transfer by DB at initial purchase price. Book keeping only.

PS 90% is in the bag. Has any one come up with hard evidence of the procedure if 90% achieved within the offer period? Is it different than for post takeover period?

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http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/index.html#s661a
PART 6A.1----COMPULSORY ACQUISITIONS AND BUY-OUTS FOLLOWING TAKEOVER BID
vs
PART 6A.2----GENERAL COMPULSORY ACQUISITIONS AND BUY-OUTS
The raw legislation best read in combination with the relevant regulatory guidance:
https://asic.gov.au/regulatory-reso...es/rg-10-compulsory-acquisitions-and-buyouts/

AVB Price at posting: 17.8¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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