EXS 0.00% 26.0¢ exco resources limited

exco recommend revised sol takeover offer ..., page-28

  1. 351 Posts.
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    Tinwins,

    You should read page 11 of the bidders statement where it poses the question, "what happens if I accept into the Acceptance Facility?"
    The answer is "shareholders...will not receive any consideration under the Offer unless and until WHSP obtains 90% of acceptance"
    The bidders statement makes it clear, on several pages, that the 26.5 cents is subject to 90% acceptance.
    I can only speculate that it might be a long time, if at all that you will get your cash. You are able to withdraw your acceptance up until the 90% point.
    I did some research on SOL this morning, it seems to take a large shareholdings in small companies and lets them go about their business. I suspect that this will might happen with EXS.
    On the performance rights - maybe someone else can answer that question.
    The situation is not ideal for me, what is being offered looks attractive.
    DYOR and I am not qualified or licensed.
 
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