Guys,
Just want to add my 2c worth.
Options are almost never considered as part of a take over - quite simply anyone who holds an option for an FPO in a company that is subject ot a T/O offer can either exercise them, sell them on market or hold them until they are worthless (i.e. the T/O succeeds and they lapse).
You will always have time to do this given that T/O's have to go through a defined process that is quite time consuming and there will be periods of trading during this process. Regardless, even if for some extrordinary circumstance the shares entered a TH/Suspension and never traded again until a T/O had succeeded, the exercise of options can still occur as they are not subject to a market action - you send in your form and your money and the FPO's are issued (as long as this happens before the completion of the T/O).
In relation to the changes to the company constitution a few years back concering partial offers, this is not really all that effective in blocking a proposal for full takeover - in effect, those changes simply made it more difficult for a "raider" to buy an absolute controlling interest in the company (i.e. greater than 50%) without being forced to actually offer to buy the entire company. All of the other rules that apply to takover provisions are unchanged.
Cheers
Badfish
- Forums
- ASX - By Stock
- CTP
- ooraminna 2 still at 1085 m 6 july
ooraminna 2 still at 1085 m 6 july , page-102
-
- There are more pages in this discussion • 7 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
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Add CTP (ASX) to my watchlist
|
|||||
Last
4.8¢ |
Change
-0.004(7.69%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $22.36K | 454.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 96150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1208093 | 0.048 |
1 | 100000 | 0.046 |
3 | 319092 | 0.045 |
2 | 28222 | 0.041 |
4 | 55242 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 96150 | 1 |
0.053 | 12306 | 1 |
0.055 | 11000 | 1 |
0.057 | 45000 | 1 |
0.059 | 25000 | 1 |
Last trade - 11.34am 12/07/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |