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$9.83 allkem limited

Disgrace @Stephan90..its s No from me..

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Zetland1

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16/11/23

01:54

Post #: 70927422
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Originally posted by Stephan90: ↑

I just got a reply from Allkem IR in regards to my questions about the merger (shareholde eligibility / ineligibility, voting process). It looks more and more likely that I will vote against the merger if I receive another reply clarifying that the sale nominee will have up to 25 business days to sell and transfer the money to Allkem + the time it takes Allkem to transfer that money to me.
The financial disadvantages of this process could easily outweigh all value of the possible merger synergies on top of that is the question about the just ownership ratio. In my reply I also mentioned the topic of share buybacks. I previously sent them an e-mail asking wether or not Allkem is right now considering share buybacks and I was told that due to a contract with Livent surrounding the merger, both companies aren't allowed to buy back shares. If this stupid contract wasn't in place Allkem could buy back tons of shares right now. So this is just another negative aspect of the merger.

Here is the reply I received: (click on the pictures to enlarge them)

Here is my answer to that e-mail:

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Disgrace @Stephan90..its s No from me..

AKE Price at posting: $9.12 Sentiment: Buy Disclosure: Held
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