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.
The fully detailed Takeovers Guide Australia is very informative and worth the time to read.
An on-market or off-market T/O involving a Direct Offer to...
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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 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$20.21 |
Change
1.140 ( 5.70 %) |
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| Open | High | Low | Volume | ||
| $19.56 | $20.51 | $19.53 | 123739 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| NEU (ASX) Chart |