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.
Yes it's not as straightforward as 50% or 90%. At 50% you...
Add NEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.20 |
Change
1.140(5.98%) |
Mkt cap ! $2.579B | |||
| Open | High | Low | Value | Volume |
| $19.58 | $20.52 | $19.47 | $9.631M | 477.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 181 | $20.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.24 | 245 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$20.21 |
Change
1.140 ( 5.70 %) |
||||
| Open | High | Low | Volume | ||
| $19.56 | $20.51 | $19.53 | 123739 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| NEU (ASX) Chart |