Can someone explain this clause?
Looks like a backdoor way for a full takeover without 75% of the vote?
As part of the negotiations to increase the total cash payment, Origin has agreed certain
amendments to the existing standstill arrangements. Under these arrangements, in the six
months following an unsuccessful scheme vote, any acquisition by the Consortium (or
individual members) of more than 5 per cent of the issued capital of the Company must be
accompanied by an off market takeover bid for 100 per cent of the Company. Such a
takeover must be subject to a 50.1 per cent minimum acceptance condition and be launched
within three months of any purchase above 5 per cent.
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- Ann: Consortium increases cash consideration to $9.53 per share
Ann: Consortium increases cash consideration to $9.53 per share, page-34
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$10.30 |
Change
-0.070(0.68%) |
Mkt cap ! $17.86B |
Open | High | Low | Value | Volume |
$10.34 | $10.35 | $10.28 | $1.099M | 106.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 316 | $10.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.30 | 1145 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16875 | 10.880 |
1 | 70 | 10.790 |
1 | 46 | 10.690 |
2 | 21 | 10.670 |
1 | 121 | 10.660 |
Price($) | Vol. | No. |
---|---|---|
9.850 | 4024 | 1 |
9.860 | 3102 | 6 |
9.900 | 314 | 2 |
10.040 | 251 | 3 |
10.050 | 141 | 3 |
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