CDV 0.00% $1.08 cardinal resources limited

If they get to 90% then they can move to compulsory acquisition...

  1. 322 Posts.
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    If they get to 90% then they can move to compulsory acquisition of your shares. This is assuming they want all 100%. It takes another month or so to complete compulsory acquisition which is why people often jump in at the last minute with acceptances if they feel a TO is approaching compulsory acquisition because delaying acceptance costs yoU an extra month to get your money. Have SH every stated they would intend to progress to compulsory acquisition ? With the delays of getting acceptance forms and emails I think they should extend the offer by another week or so. Then I think they will get to 90% and move to compulsory acquisition.

    GLTAH
 
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Currently unlisted public company.

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