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withdrawal of possible offer for kah, page-18

  1. 357 Posts.
    DaLatta - I know a lot about Australian takeover law & practice. . . . but am no expert on the UK.

    That said - I think that the info you have posted does not relate to whether the chinese are now permitted to buy shares in KAH on market.

    At a quick glance - the info you have posted deals instead with limitations on any future offer that arise as a consequence of on-market buying today.

    eg. if you buy shares on market in a company at $10 today, then any takeover offer that you launch in the course of the next three months can be a price NO LOWER than $10.

    we have similar rules in australia.

    That said - i imagine that provided that any ownership thresholds for launching a bid are not breached - the Chinese would indeed be free to buy shares on market in either KAH or EXT today.

    apologies if my quick read means i have overlooked something.
 
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