All good and well @TrayonRanger and @lostman. There are takeovers and there are takeovers imo.
Your comments are imo accurate that there can be no complete change of ownership ie. 100%, without the two major holders accepting. However, I believe it does not mean there will not be an unconditional offer from Hancock. I have stated before that if/when Hancock chooses to exceed 20% (other than under the creep provisions of 3% each 6 months), they would be required to make an offer to all shareholders. Such an offer may allow them to accumulate many more shares during its currency. I do not know how long it would have to be open, but any acceptances would be paid the money and they may be able to accumulate a substantially bigger holding that may still not deliver them 100%.
I think it is a possibility, if not a probability.
regards
DF
All good and well @TrayonRanger and @lostman. There are...
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79.0¢ |
Change
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Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
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| No. | Vol. | Price($) |
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| 15 | 342418 | 79.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 102506 | 9 |
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