I think Danr hit the nail on the head.
In Australia, when a Company makes a takeover offer for another Company and when and if it gets to 90% acceptance level, then they can proceed to compulsory acquisition of the outstanding 10%.
Woodside Petroleum is obviously not going to allow this to happen to Hardman, at least not without it having a big say in the final outcome.
And yes, outstanding options would be a serious issue in the event of a takeover offer. Well done Danr.
Gandalf
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