An on-market or off-market T/O involving a Direct Offer to targeted shareholders requires the Bidder to achieve control of at least 90% of Target securities to reach compulsory acquisition.
Compulsory acquisition via a ‘friendly’ Scheme-of-Arrangement, in which the boards of both Bidder and Target cooperate, requires the Bidder to gain control of at least 75% of Target securities as well as the voting approval of at least 50% of Target shareholders.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)