AGO 0.00% 4.5¢ atlas iron limited

AGO United - Start The Voting, page-43

  1. 3,380 Posts.
    lightbulb Created with Sketch. 729
    Absolutely can & should
    The more noise we shareholders make the more the news gets out

    The clause in the Deed proposal written up GAGS!! Atlas board of directors the managing director and anyone authorised to represent them from encouraging a superior bidder


    Nice work red
    This is another aspect we need to start considering as shareholders and preparing for.

    As I was reading through this, I found this clause section bizarre:
    Section 10.2: No-shop (one of many similar clauses)
    During the Exclusivity Period, Atlas must not, and must ensure that its Related Bodies Corporate and their respective Authorised Persons do not, directly or indirectly solicit, invite, initiate or encourage any Competing Proposal or any enquiries, proposals, discussions or negotiations with any third party in relation to (or that could reasonably be expected to lead to) a Competing Proposal, or communicate any intention to do any of these things.
    how could they block - put a clause into thr Deed blocking/preventing Atlas management and board of directors or their representatives from encouraging a superior bidder...
    This clause is definitely not in the interests of shareholders
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.