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
$19.50 |
Change
0.190(0.98%) |
Mkt cap ! $2.490B | |||
| Open | High | Low | Value | Volume |
| $19.39 | $19.98 | $19.38 | $7.285M | 370.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 7318 | $19.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.52 | 593 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$19.55 |
Change
0.190 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $19.41 | $19.97 | $19.39 | 83274 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NEU (ASX) Chart |