Anyone with more experience can shed light if this is their understanding?
What is the Australian mandatory takeover threshold?
Under Australian takeovers law, acquisition of 100% of the target shareholding is only assured after the bidder acquires at least 90% which would allow it to compulsorily acquire the minority shareholding under the compulsory acquisition provisions of the Corporations Act.
Ann: Guidence Update, page-20
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.82M | |||
| Open | High | Low | Value | Volume |
| 10.8¢ | 11.0¢ | 10.8¢ | $83.00K | 754.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 751400 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 231595 | 2 |
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| Last trade - 14.38pm 19/07/2024 (20 minute delay) ? |
| LPE (ASX) Chart |