A takeover has to be approved by its shareholders.
For a takeover to proceed, the shareholders must vote in favour of the takeover. It must be approved by over 90% of the share register to proceed. ( Don't quote me on the 90%, I use to know the exact numbers, but it around that figure. I'll look it up again, and let you know for sure )
Anyway, even at this very moment, isx have a over a 50% stake in the company. So there's no way, of any takeover, unless isx say so, and the price would have to be fantastic for that to happen. But you never do know.
Cheers
Tradealot
ISX Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
