Australia's largest stock trading and investment forum Australia's #1 stock forum

SPO

Click for more information

0.00%

$1.71 spotless group holdings limited

Ann: DOW: Presentation - Offer for Spotless & equity raising, page-80

First 80 Last

Share
Profile

Follow
rae915

4,821 Posts.

177

22/03/17

11:19

Post #: 23536665
Share

Originally posted by HotCopter ↑

There is a statutory timeline that needs to be followed, which gives the target a period of time to respond to the offer. SPO will need to prepare a Target's Statement (the corollary of the Bidder's Statement) with a recommendation to shareholders as to what to do. Once that happens, the Offer will open and you can accept into the bid.

To reiterate, the DOW offer is not yet open, and can't until SPO responds with a Target's Statement. At that point DOW will release details on how to accept the offer.

Note - DOW's tactics are quasi-hostile in the sense that they haven't engaged with SPO prior to launching their bid. In the majority of takeovers, you know the exact timetable because it gets agreed with the target. In this case, SPO has [x] weeks (I can't remember the exact number) to prepare it's Target's Statement, which is why DOW can't put a definitive date on the opening of the offer.

Expand

I asked before but no one answered.....CAN DOW BUY ON MARKET at this point.?
thanks

SPO Price at posting: $1.05 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

CHN

Gonneville receives Major Project status from Commonwealth government

LTP

LTR Pharma's SPONTAN 'nasal viagra' absorbed 470% times faster than oral solution

ALM

Nanocap Alma Metals picks up 51% of Briggs Copper Project JV in QLD

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 8 more messages in this thread...

First 80 Last

Add SPO (ASX) to my watchlist