KDR 0.00% $1.90 kidman resources limited

Count of 'NO' votes to the WES proposal, page-18

  1. 1,854 Posts.
    lightbulb Created with Sketch. 1473
    As I understand it (and I confess I'm no expert) acquiring 50% of the shares gives them control of the company, but they need to acquire 90% in order to commence compulsory acquisition of the remainder and delist from the ASX.
    So if 10% say NO and 90% sell up to WES, then KDR would remain, but would be controlled by WES - and one would think that is not their desired outcome, leading to an enhanced bid until the 90% threshold is reached.
 
watchlist Created with Sketch. Add KDR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.