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5.6¢ norwest energy nl

Ann: Change in substantial holding from MIN, page-16

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greenleaf

3,669 Posts.

208

20/04/23

17:58

Post #: 67382402
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Originally posted by mattyman174: ↑

Why would they indicate intent and continue to accept conversions after 80% if they don't want 100% of NWE?

The only thing afforded to them at 90% is compulsory acquisition. If they didn't intend to just get 100%, they would have removed the offer early and done as you said, decouple the SP and pick the rest up at a much lower price.

The offer will continue until they get to 90% and then they will exercise their right to compulsory acquire.

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Hey matttyman, were you at the afterdinner drinks following the NWE AGM in Perth?

NWE Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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