I don't think ASX will allow CIMIC to delist in my opinion. Here is an ASX article and the last portion of section 2.1 of the ASX listing rules says that it is unacceptable for an entity to deny minority shareholders a market for their securities in order to coerce them into accepting an offer from a controlling shareholder to buy out their securities.
http://www.asx.com.au/documents/rules/guidance-note-33.pdf
In my view Cimic's lousy behaviour is stuffed thanks to Lyn Brazil.
GPASAS
- Forums
- ASX - By Stock
- Ann: Devine's Supplementary Target's Statement
I don't think ASX will allow CIMIC to delist in my opinion. Here...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)