very little free float in this. So it will take two to three entities to pull the trigger to have this at 60% acceptance.
As you said, people will probably be waiting for the takeover to be voted through by cza so that the offer is actually official before accepting it.
technically we haven't even received the offer yet, as cza haven't approved offering it to us.
I think it will all go through as both management teams seem happy to push this through. Generally friendly takeovers don't fall through as all vested interests that matter want to see it happen.
- Forums
- ASX - By Stock
- UNV
- Ann: CZA: Update on Recommended Offer for Universal Coal
Ann: CZA: Update on Recommended Offer for Universal Coal, page-14
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online