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If, following the Takeover Bid, OZ Minerals Brazil does not acquire a Relevant Interest of at least 50.1% of the Avanco Shares, it may choose to waive the 50.1% condition of its Offer resulting in OZ Minerals Brazil holding a non- controlling interest of between 18.45% and 50.1% of Avanco. If this occurred, it is possible that OZ Minerals Brazil and another person or persons could each hold large minority interests in Avanco. In such a situation, any commercial misalignment between large minority shareholders could impact on the efficient and effective governance of Avanco and could adversely affect its ongoing performance.
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IF OZL don't get their 50.1% they 'might' still proceed with another person or persons.
Is one possibility that GLENCORE, GREENSTONE and holders could hold > 50% with OZL as a large minority holder?
If this happened is it possible stale holders could offload and liquidity comes via the new management arrangement?
AVB Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
