The Allens handbook on takeovers in Australia (7.3L):
Compulsory acquisition If at the end of the offer period the bidder has received acceptances sufficient to give it relevant interests in 90% or more of the target’s voting securities, the bidder can proceed to compulsorily acquire the remainder at the bid price. This process usually takes about 1 to 2 months to complete. In theory the bidder can commence the compulsory acquisition process during the offer period provided the 90% threshold is met, but it is usual to wait until the offer period has ended.
Have now accepted = Not Held
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder from MS
The Allens handbook on takeovers in Australia (7.3L): Compulsory...
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online