Yes it's not as straightforward as 50% or 90%. At 50% you basically have control as you can pass ordinary resolutions. At 75% you can pass special resolutions. As long as you still meet your fiduciary duty in the process this could see your asset sold to the predator/majority shareholder or similar. I would still expect a revised uplifted offer would go to minority holders if less than 90% take initial offer but definitely no guarantee of that.
Ann: 2023 Annual Report to shareholders, page-191
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Last
$13.01 |
Change
0.310(2.44%) |
Mkt cap ! $1.661B | |||
| Open | High | Low | Value | Volume |
| $13.02 | $13.06 | $12.89 | $5.425M | 417.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 640 | $12.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.01 | 922 | 7 |
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| Last trade - 14.22pm 17/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |