re: Ann: Cash Takeover Offer by Shandong Ener... Thanks for the heads up peter. I've taken a quick look at the Corporations Act and I believe your explanation is on the money here.
I also missed this comment in the ASX release by Benny Wu which explains his intentions with regards to the offer more clearly, "I intend to accept the Offer in respect of all of my
shares in RCI, in the absence of a superior proposal."
So it looks like this deal is going through on the back of Benny Wu's holding alone, so long as both Chinese and Australian regulatory bodies approve and this new found bidder doesn't vanish into thin air like previous ones.
Congratulations to all those who held out all these years for the higher offer.
- Forums
- ASX - By Stock
- RCI
- Ann: Cash Takeover Offer by Shandong Energy Group
Ann: Cash Takeover Offer by Shandong Energy Group, page-8
-
- 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)