GCL gloucester coal ltd
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why the 5% drop from the offer price?, page-6

  1. radgegadge
    1,411 Posts.
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    15/06/09
    22:46
    Post #: 5282883
    The bidders statements clearly say they will seek compulsory acquisition if they reach 90%, it would not make economic sense to remain listed with such a small rump left outstanding.
    A funny angle you've come from ascole, have you ever seen another takeover with 80% approval not seek CA and fall in price?
    GCL Price at posting: $6.14 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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