$5+ Fair value?, page-9

Mate - you are confusing hostile takeover with compulsory acquisitions.

buying over 90% gives you rights to acquire the remaining 10% of shares however hostile takeover is about the process of acquiring shares at the expense of the management's interest of the target company. (hence Hostile)

Such process could include doing a Board spill if you own more than 5% of the company, running a PR battle and then stack the board with directors that would be more in favour with your takeover bid.

Another process could include buying to 75% of shares; then do a special resolution to do a share buy back using company's money to buy on market and then cancel them which automatically lift's the bidder's share percentage of the company.

Here's what the law says about compulsory acquisitions


http://www.takeovers.gov.au/content...sions_in_australia.htm#compulsory_acquisition

Here's a link to Downer doing a hostile takeover with 33%.

http://www.copyright link/business/...over-but-spotless-ceo-defiant-20170616-gwsabn

Have a clue - don't be a noob.


Anyways - off topic to thread -

$5+ here we come!!