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
$23.11 |
Change
-0.860(3.59%) |
Mkt cap ! $2.951B | |||
| Open | High | Low | Value | Volume |
| $23.93 | $23.97 | $23.05 | $23.02M | 985.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5083 | $23.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.25 | 1026 | 2 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$23.22 |
Change
-0.860 ( 3.12 %) |
||||
| Open | High | Low | Volume | ||
| $23.81 | $23.94 | $23.05 | 198298 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| NEU (ASX) Chart |