A person who has a greater than 10% shareholding interest in an ASX-listed company will be able to prevent a majority shareholder from moving to 100% ownership through compulsory acquisition, because the compulsory acquisition threshold is set at 90%.
Why would try to get exactly 10% controlling interest.
If it was a random number 5-7% sure.
Wouldn’t be so certain it’s pure shorting profits.
Ann: Becoming a substantial holder from MUFG, page-12
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