Just to clarify.Once over 20% a bidder/substantial holder MUST bid for the total Company.He cannot bid for say 50.1%
He may end up with 50.1% but must have given all shareholders the opportunity to accept.
If he achieves over 90% he can compulsorily acquire the balance.
This is why (in the event of a low-ball offer) 10% (approx.9.3 million shares) can become so important
