Hi MarkWhite,
Very good question to ask.
A take over offer could come in many shape's and form's.
The acquirer could start buying share's on the market, pushing up the share price and acquiring 19% of the company.
Once 20% is hit, then the acquirer must lodge an official Take Over.
Once they get to 90% of the company, the acquirer will acquire the remaining 10% of share's, through the court's, where a compulsory acquisition must occur.
Keeping in mind, that the acquirer will start with a 1st low ball offer, then come back with the 2nd offer and finally a 3rd and final offer will occur.
Or a acquirer might just come in and make a full price offer of XXXXX.
It is the responsibility of the board to tell it share's holder's to either except it or reject it.
At the end of the day I / we have no control on what will happen or how it will occur.
No point worry about it as it is out of our control.
But I will be waiting for my share's to be compulsory acquired.
Happy for some one to correct me.
IMHO.
Regard's
Rossi70
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