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$5.54 greencross limited

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Gareth

3,213 Posts.

177

09/11/18

08:04

Post #: 36442313
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Originally posted by LightForce ↑

Biggest shareholder CCL reportedly wants $6.50. They need 25% blocking stake though to vote this down. Maybe they need to do a share raid to increase their stake to get closer to 20%. This may cause the offer to be higher.

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Greencross and suitor TPG Capital are standing by their agreed $675 million offer despite interference from the company's largest shareholder, Global Alpha Capital Management.

Canadian-based Global Alpha is on public record saying it wants to see an offer above $7 a share,

Greencross, TPG keep $675 million deal on tight leash http://www.copyright link/street-ta...lion-deal-on-tight-leash-20181107-h17n4h?btis

Last edited by Gareth: 09/11/18

GXL Price at posting: $5.43 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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