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.
Ann: 2023 Annual Report to shareholders, page-194
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Last
$20.72 |
Change
-0.240(1.15%) |
Mkt cap ! $2.645B | |||
| Open | High | Low | Value | Volume |
| $21.00 | $21.21 | $20.31 | $15.80M | 766.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $20.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $20.72 | 3108 | 1 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$20.75 |
Change
-0.240 ( 1.47 %) |
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| Open | High | Low | Volume | ||
| $20.97 | $21.15 | $20.32 | 199599 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| NEU (ASX) Chart |