Yes it's not as straightforward as 50% or 90%. At 50% you basically have control as you can pass ordinary resolutions. At 75% you can pass special resolutions. As long as you still meet your fiduciary duty in the process this could see your asset sold to the predator/majority shareholder or similar. I would still expect a revised uplifted offer would go to minority holders if less than 90% take initial offer but definitely no guarantee of that.
Ann: 2023 Annual Report to shareholders, page-191
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$13.76 |
Change
0.150(1.10%) |
Mkt cap ! $1.758B | |||
| Open | High | Low | Value | Volume |
| $13.60 | $14.00 | $13.51 | $5.043M | 365.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3816 | $13.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.78 | 2834 | 1 |
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