Surprise, surprise, there is another "dead in the water" thread running here...
Dahma,
...does anyone else have more than 25%...
Don't know if anybody else has more than 25% of CBH's capital.
...would that make a difference?
Don't think it would. For the Nystar takeover to proceed, at least 50% of the shareholders are required to vote in a meeting, and at least 75% of that number should approve the takeover. Assuming Toho do not wish to sell, they only need to make sure that 25% of the number voting reject the offer. Toho own 24.1%. They only need a few of the other shareholders (at least 0.9%) to not attend the meeting, or submit votes, or to reject the offer for the Nystar proposal to fail.
Hence bandicoot says "does that leave nyrstar's offer dead in the water?"
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toho ups the ante, page-4
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 96088 | 0.072 |
1 | 73170 | 0.041 |
1 | 300000 | 0.036 |
2 | 299998 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 35000 | 1 |
0.084 | 100000 | 1 |
0.090 | 100000 | 1 |
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