I posted this on ADVFN last night (UK time):
Hmmm...so RIO are slowly soaking up EXT (and perhaps KAH) shares in the market.
And at what point are RIO obliged to make an offer for the entire 'enlarged' company?
30% methinks.
No wonder they are happy with the merger.
To be clear. It is my understanding that under LSE rules RIO will be obliged to bid for the remaining shares of the 'enlarged company' once they have a 30% holding.
That's not to say they will take the full 30%. Very often a predator will take just short and bide their time, having effectively blocked other bids.
Time will tell.
M
- Forums
- ASX - By Stock
- EXT
- lse 30 perecnt takeover rule
lse 30 perecnt takeover rule
-
- There are more pages in this discussion • 10 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 EXT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.22M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 8398000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 439058 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 8398000 | 0.010 |
7 | 5717366 | 0.009 |
9 | 5992440 | 0.008 |
7 | 3620863 | 0.007 |
2 | 452276 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 439058 | 1 |
0.012 | 8641691 | 8 |
0.013 | 4027200 | 5 |
0.014 | 1071428 | 2 |
0.015 | 1324179 | 2 |
Last trade - 16.12pm 09/09/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |
Day chart unavailable