AGO United - Start The Voting, page-48

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Richie2013

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13/04/18

15:56

Post #: 32442556
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Originally posted by BlueSkies1711 ↑

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

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Hope this doesn't apply to shareholders as well, I've run of Major Iron Ore companies to contact.

AGO Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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