Tony,
A buyer cannot compulsorily acquire all the shares in a company until they have got 90%. Hence a 10% holding is a blocking stake to a complete takeover of the company.
A company can, however, sell off its assets or any part of them. If the value of the assets to be sold is of greater value than 50% of the company's total asset value then a special resolution (75%+) of shareholders is required to approve the sale. In this scenario a 25% shareholding is a blocking stake.
Fisho
Value Taking Opportunities, page-56
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Last
49.0¢ |
Change
0.025(5.38%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 49.0¢ | 47.0¢ | $7.096K | 14.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50146 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 17921 | 2 |
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| Last trade - 15.58pm 02/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |