MCC 0.00% $16.01 macarthur coal limited

shed some light, page-2

  1. 54 Posts.
    Gidday
    This is only what I think...
    They have about 70% and will give everyone who accepts an additional 1.5% ($16 vs $16.25)if they end up with 90%.

    It seems to be a take it or leave it offer, they now control the board & could suspend dividends causing the demand from other buyers to dry up & creep their shareholding up thru the 80's% over the next few years.

    The share price could fall to $12 after the offer closes short, or in a few years they could be offering $20 a share.

    Didn't shed much light!
 
watchlist Created with Sketch. Add MCC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.