The wind up of CMI may be the only way the minority shareholders can get fair value.
By bottomfeeder1 calculations.
A Class at Face value $1.20/share ($33.6m)
Left for ordinaries $2.10/share[$70.9m]
I believe all share holders including the class A holders get a vote and if a wind up vote can be brought on a 75% majority is required to approve the wind up. Does anyone know how much stock Catelan controls and if a 75% majority is possible?
panel publishes reasons, page-12
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