Perhaps I’m ignorant. Currently KKR own 20%.KKR need 75% share...

Perhaps I’m ignorant. Currently KKR own 20%.

KKR need 75% share holder approval to initiate a block to TAG.

And extra 5% in stock from major shareholders will give them KKR 25% not 75%.

According to your statement KKR would need to attain a further 60% of shares from major holders to hit the 75% block threshold.

Is my logic correct in this assumption?

Furthermore why would shareholders support a block if they can attain a higher premium on their shares?

KKR / HumanForce clearly the best strategic partnership. Based on the above assumptions they would need to raise their offer price above TAG’s to convince major holders to support them due to the higher share price premium.

30-35 cents will close this for KKR IMO.

GLTA