Hi
It looks likely that after the two week extension of the take over offer that GPG will hold 70-80% of the company. To get full control of the company they need 90% which I feel would be unlikey at the end of the "current" take over offer.
It is inevitable that GPG will control the company but to get to 90% shareholding they will need to make a better offer to the remaining share holders.
I suggust remaining shareholders sit back and wait for a better offer to turn up from GPG. I reckon they will come to the party in 3 months to a years time.
Cheers Hoisty
- Forums
- ASX - By Stock
- GQH
- teach guiness peat group a lesson
GQH
gosford quarry holdings limited
teach guiness peat group a lesson
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)