"Carsome agreed to acquire 19.9% of Australia-listed automotive...

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    "Carsome agreed to acquire 19.9% of Australia-listed automotive portal iCar from Catcha Group, the largest shareholder of ICar with a 30% stake. In return, Catcha will become a shareholder of six-year-old Carsome, boosting the startup’s valuation to more than $1 billion. Following the share swap, Carsome will offer to buy the remaining 80.1% in iCar from existing shareholders, a transaction valued at more than $200 million, according to a statement from the company on Tuesday.";'

    SO iCar shareholders have to approve this takeover, well I am sure that the major shareholders / stakeholders Carsome and Catcha Group will approve it and what we smaller shareholders think of the deal will be irrelevant .. can we be forced to sell our shares to Carsome? Somehow the idea of it doesn't appeal to me but if i have no say in it, well I will be making a good profit and taking profits is the name of the game
    Last edited by VMG70: 13/07/21
 
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