Bettt et al on this forum espousing the imminent takeover that's going to burn the shorts - which by the way I understand are at the margin versus the free float here - I am sorry but IMO politely you are sadly mistaken if you think there's a get out of jail free card being handed out here in the form of a takeover anywhere even near the last traded GSW price on the ASX.
I say this having some real life experience in M&A (~20 years) at the coal face and also specifically within the tech space.
I may share some more detailed views later in the week but let me just say this as a basic entree to try to put this message in context and that doesn't need any strategic M&A experience to understand.
For a company to be taken out the acquirer needs to get > 89.99% to trigger compulsory acquisition of the remaining minorities.
Look at the combined CEO and Executive Chair shareholding in % terms. What is it ?
Why would a company's say that it was a risk that it could be taken out prematurely before full value was realized IF the executive management team alone could block the compulsory acquisition threshold being reached ?
It is pretty simple, think about it and the MO of the company promoting this as a 'risk' for investors.
DYOR (legal, commercial and other)
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