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UML unity mining limited

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UML takeover?, page-3

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curiouswon

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08/03/16

18:10

Post #: 17220290
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Originally posted by axegun ↑

Can someone tell me what happens when the Singapore group gains 20 % ownership? This should constitute a takeover and then what? Is the 29 cent offer still valid? Could the block votes of the Singapore group stop the offer if another 31 % of shareholders vote no. Remember a lot of shareholders wont vote. My gut feeling is the Singapore group have to get a profit out of this. My feeling is that they will do a backroom deal where they will sell their holding at a premium.

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axegun
under ASX rules PYBAR (or anyone making a takeover) are not allowed allowed to pay more to one shareholder than other shareholders.
So if Brahman Pure Alpha gets PYBAR to pay more, then PYBAR is required to offer the same to us all.

UML Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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UML takeover?, page-3

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