gee, aren't we glad that this is ASX sanctioned & classified as a made in heaven "friendly merger" and NOT a down'n'dirty, nasty "takeover".
mmmmm/ 20%+, eh?
"The amendment provides for NuStar to compulsorily redeem the exchangeable shares of any person or corporation that acquires control over a number of exchangeable shares which when combined with ordinary NuStar shares controlled by the same party, results in them holding 20% or more of the outstanding voting rights in NuStar. The redemption is effected by the issue of an equal number of ordinary NuStar shares."
NMC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
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