Volvoman,
Here is a link that explains the rules. A offer document is sent to all holders. The offer is only available under a certain time limit. If the acquiring company ends up with I think a 90 interest in the company as a result of most shareholders accepting the offer then remaining shareholders must surrender their shares and they get paid the offer price made by the acquiring firm.
http://www.takeovers.gov.au/content...mmary_of_takeover_provisions_in_australia.htm
Where to from here???, page-20
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Last
$7.30 |
Change
0.150(2.10%) |
Mkt cap ! $23.70B | |||
| Open | High | Low | Value | Volume |
| $7.23 | $7.33 | $7.19 | $92.93M | 12.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8869 | $7.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 47838 | 2 |
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