I still wonder why FMG would allow Gina to get to 25% if they intend to take full control of AGO.
It makes it so much more difficult if you have a 25% holder. They cannot be pushed out or unseated. Special resolutions can't pass and Court ordered compulsory acquisitions can't be initiated.
If you want to take it over you shouldn't allow a competitor to get to 25%.
I don't know what to make of FMG's strategy. So far it just looks like a very expensive seat at the competitors table...
What am I missing?
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AFR: FMG won't rule out improved AGO offer, page-15
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