Hold vs Accept vs Sell on Market, page-27

Thanks so much for your help Richard! So if RG lets the $0.84 final offer expire he will have to wait 6 months before acquiring shares again via either a new offer and/or the 3% creep rule…


Thanks Username123 for answering my silly question about whether RG can do ‘special deals’ with individual shareholders to acquire their shares at a higher price to everyone else. Since RG is only 5% away from 90% I thought this could be a strategy he might use if it was allowed. It’s great to know that this wouldn’t happen. So RG could do an individual deal with a larger shareholder however he couldn’t pay them a higher price for their shares than what he would pay for everyone else’s shares

So what’s next for RG? I think the best course of action for him is to let the offer expire ( he seems to be at a stalemate ) and just wait for 6 months. As you mentioned William this hopefully mean’s RG will have to use the $160 million from the 50% business sale towards paying down PACT’s debt instead of as his own personal piggybank to buy himself shares