It is impossible for Mac Bank to offer us s/h a Scheme, without the consent of the CTP board - because it is CTP which makes the proposal to CTP s/h - not Mac. The Scheme would be a Scheme put to CTP shareholders - so Mac has no part in process, cannot vote, and awaits outcome. So it is all up to CTP board.
If CTP board will not accept a Mac price, then the only alternative would be for Mac to make a non-recommended offer. And the most effective way would be an on-market cash offer. Which is what other posters have already suggested. Mac would not drip-feed buy on-market because it would push up SP and they probably would not get the volume.
The Chinese did an on-market cash offer for Westside Corp (CSG) a while back, because WCL board would not engage. The 2 biggest s/h sold out from under Board, and Chinese were successful.
trouble is, that on-market offer, with no board recommendation, does not guarantee Mac getting 100%.
cheers
United we stand divided we fall, page-73
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $12.07K | 219.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 163385 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 300000 | 1 |
View Market Depth
| Last trade - 15.44pm 01/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |