"As at 13 July 2018, the Bidder’s voting power in the Target is 88.79%. If the Bidder is able to reach 90% before the Offer Period closes at 7:00pm (Sydney time) on 3 August 2018, the Bidder intends to compulsorily acquire the remaining Shares. Shareholders who accept into the Offer before the end of the Offer Period will receive the $1 of consideration for their Realm Shares under the Offer sooner than shareholders whose Realm Shares are compulsorily acquired."
All they wanted was a 90% holding by Aug 3rd and they got it. So i assume they are looking to put terms together to compulsorily acquire the rest.
RRP Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
