NMC nustar mining corporation limited

any ideas, page-2

  1. 1,540 Posts.
    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."
 
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