It's an interesting question. However, I was surprised when looking at the actual holdings....PM appears to hold <17% of PGF, and <9% of PAF, so while those holdings are material in their own right, any substantial uprising from retail holders would appear to be able to successfully counter-vote.
If there's any cross holding in PAF by PGF, it must be under 5%.
The independent directors of PAF will need to earn their fees with this one.....and act to the best interests of the coy.
WAM off-market offer for PAF, page-13
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.111B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.35 | $2.31 | $290.8K | 125.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17183 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 30006 | 1 |
View Market Depth
| Last trade - 15.19pm 15/11/2024 (20 minute delay) ? |
| PGF (ASX) Chart |