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4.5¢ atlas iron limited

Ann: Becoming a substantial holder, page-111

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saracenm

741 Posts.

116

15/06/18

16:40

Post #: 33742984
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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.

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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

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