CXS 0.00% 70.0¢ chemgenex pharmaceuticals ltd

cephalon takeover, page-25

  1. 550 Posts.
    Not necessarily, they have less than 30%.

    If there is a superior bid by another bidder then they can get the majority of shares.

    Also, why would CXS management state:

    ChemGenex Directors unanimously recommend the bid, in the absence of a superior offer?

    Are they leaving the door open? Appears like it to me.
 
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