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14:58
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Originally posted by rjsimps:
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"Major shareholders of NUS (representing 26.7% of issued capital), including Lion Selection (21.77%), and So they currently have only just over 50% of the votes (51.7%)? That's a narrow margin, especially if the expert conclusion has to conclude (and continue to conclude) that its in the best interest of shareholders. ie any updated good news will push against that 'best interest of shareholders'. Only need cumulus wealth to decide against it for the bid to be forced to go up (if all other shareholders vote against that is). Unsure - interesting to see how it plays out. Ill vote no.
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I think the words "in the absence of a superior proposal" are relevant here, if any other party were to make a superior offer it is unlikely Indika would be able to count on the LSX and Cumulus shares.
