NWE 0.00% 5.6¢ norwest energy nl

Ann: Change of Director's Interest Notice, page-18

  1. phx
    510 Posts.
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    MIN have over 50% of NWE, so yes the takeover has been successful from that perspective.

    They do not seem likely to get to 90%.
    That is the level to compulsorily acquire outstanding shares.
    This is where MIN would like to be.

    Unless they extend the offer, 80% looks out of reach.
    This is very important for everyone who accepted the offer.
    If MIN do not get 80% there is no CGT rollover so they will have a CGT event.

    75% is the closest target for MIN.
    They can apply to dellist NWE.
    The other requirements are less than 150 shareholders with $500 worth of shares.
    It is extremely unlikely that MIN will be able to delist NWE.

 
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