MGX 0.00% 36.5¢ mount gibson iron limited

3% creeping acquisition limit exceeded - takeover offer tomorrow morning?

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    lightbulb Created with Sketch. 44
    so...what about the 3% acquisition rule...they have increased the holding by more than 3% in 6 months....should trigger another takeover offer shouldn't it?

    http://www.takeovers.gov.au/content...mmary_of_takeover_provisions_in_australia.htm

    does this mean we will see a takeover offer tomorrow morning before the market opens?

    I thought that was the rule under the "creeping exemption that allows a max 3% increase in any 6 month period.

    I guess though they would only need to offer 25 cents if that is the most they paid under the recent purchases.

    Not sure, but I think they are required to do this.

    Anyone else out there know the rules better than I do?
 
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