What about the creep rule? He will own the whole thing sooner or later. Most of the hard work has been done at 84c.
Creeping acquisitions were introduced in the Companies (Acquisition of Shares) Act 1980 (Cth), whichallowed an investor with at least a 19% shareholding in a company to acquire an additional 3% in each six-month period without making a takeover bid.
PGH Price at posting:
77.0¢ Sentiment: None Disclosure: Not Held
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