The Allens handbook on takeovers in Australia (7.3L):
Compulsory acquisition If at the end of the offer period the bidder has received acceptances sufficient to give it relevant interests in 90% or more of the target’s voting securities, the bidder can proceed to compulsorily acquire the remainder at the bid price. This process usually takes about 1 to 2 months to complete. In theory the bidder can commence the compulsory acquisition process during the offer period provided the 90% threshold is met, but it is usual to wait until the offer period has ended.
Have now accepted = Not Held
AVB Price at posting:
17.8¢ Sentiment: Sell Disclosure: Not Held
