Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

Click for more information

0.00%

4.5¢ atlas iron limited

Ann: Becoming a substantial holder, page-111

First 111 Last

Share
Profile

Follow
saracenm

760 Posts.

120

15/06/18

16:40

Post #: 33742984
Share

Originally posted by oilkely ↑

Really good analysis. The one point ( which is fairly critical) is that you assume that the 40 % represents a blocking stake at any price. Not sure this is correct. If a hostile take over is launched then even the majority shareholders have to sell unless they come up with a higher price. I am pretty confident that is the law.

Expand

That is wrong.

Compulsory acquisition only occurs if one party gets to at least 90% ownership.

That is why 10% for a single holder is called a blocking stake

AGO Price at posting: 3.6¢ Sentiment: Hold Disclosure: Not Held
7 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

FCG

Freedom Care Group reveals NDIS wants to ban it providing program services

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

First 111 Last

Add AGO (ASX) to my watchlist