Doubt it - a T/O offer would go to Board who would reject any frivolous bid out of hand.
However if a realistic bid did eventuate the board has to advise shareholders of their opinion and a vote would be taken of shareholders in agreement of a 'friendly' change of ownership. I think the registry is tightly held, but 70% of shareholders votes must support a 'scheme'.
The other option is more scary - a potential owner can acquire up to 20% of the shares on market, but to exceed that he must make an offer for the lot - that's an on-market T/O.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)