Here is something from a super fund (Australias largest) that only allows direct investment, asx 300 only stocks, my cousin got caught once before on a stock, I always remember him telling me of his misfortune over and over again
3.16A corporate action resulting in the overseas takeover of anAustralian domiciled listed security will be processed as amandatory takeover and sold on the relevant Exchange.The proceeds (minus brokerage) will be converted to AUDbased upon the relevant foreign exchange rate at the pointof settlement and credited to your cash account.
That being said the market likes the news and with US valuations higher thats will be good for S/H.
Champee
- Forums
- ASX - By Stock
- LNG
- Ann: LNGL Board Approves Re-Domicile and Listing in United States
Ann: LNGL Board Approves Re-Domicile and Listing in United States, page-38
-
- There are more pages in this discussion • 125 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online