So best and final offer. mm
so if we continue to hold he wont get to 90% and be able to delist NWE.
Only way that can happen is if he makes a better offer,Which IMO he would be best to do before the well completion.
I'm lead to believe that due to the rules of % owned CE wont be able to get rid of the 65% rule. as the stipulation around this is that Min may not be able to vote. as it is most definitely not in the company's best interests that being NWE.
(Note: where there remain minority shareholders in a company, the company’s directors cannot favour the controlling shareholder over the others because the directors have a duty to consider the interests of the company as a whole. Further, related party dealings that require shareholder approval will likely need to be approved by the minority shareholders alone, with the controlling shareholder(s) excluded from voting.)
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- Ann: MIN: MinRes Norwest Energy Offer - Best and Final
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