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4.5¢ atlas iron limited

Ann: Change in substantial holding, page-28

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groundhog2

2,135 Posts.

175

10/09/18

13:38

Post #: 35497019
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Originally posted by HamburgerK ↑

DYOR:

30% by HPPL was important at the time as FMG looked as a potential bidder with other possible bidders. This did not materialise and also as SH saw FMG weren't making a bid they all moved on, literally.

With less SH, HPPL can close offer period and wait minimum period and then take over remaining SH with a higher bid.

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Same principles are valid.....everything has to be at "arms length" and there are the provisions for the protection of "minority shareholders". DYOR

AGO Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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