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$1.99 henry morgan limited

Ann: Bidders Statement - Off-market bid, page-45

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Hingdog

23,747 Posts.

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08/11/18

14:24

Post #: 36434223
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Originally posted by jazir1979 ↑

If they're not entitled to compulsorily acquire the rest of the HML shares, they would just hold the shares they've acquired and use their controlling interest to push through the board changes and, to quote the statement:

"If HML becomes a controlled entity but not a wholly owned subisidiary of JBL, it is the present intention of JBL to procure that the new HML Board implements the objectives and goals outlined in section 8.2 to the extent possible and appropriate."

ie: they would do whatever they can within their power to pursue ASX de-listing and perhaps at some point acquire the remaining shares.

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haha that should have been plainly obvious to me thanks

HML Price at posting: $1.99 Sentiment: Sell Disclosure: Held
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0 Great analysis

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