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5.6¢ norwest energy nl

same as on the table now.. scrip only 1 for 1300 which I have...

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greenleaf

3,666 Posts.

207

12/04/23

19:34

Post #: 67243417
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Originally posted by soltrader: ↑

Ruling:
Once the bidder reaches ownership of 90% of all target securities, the bidder may commence the process of compulsory acquisition of all remaining target securities not held by the bidder in return for payment of consideration equal to the offer price. The compulsory acquisition process involves the bidder sending notices to all remaining target shareholders and a period of time during which any remaining target shareholders may object to the Court.Delisting of target from ASX will usually take place soon after completion of compulsory acquisition.

Hi greenleaf,
Thanks for your post above. I'm weighing my options, and I'm not ready to make a decision yet.
So, looking at the above statement, what would be the offer price, since this was a scrip offer?

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same as on the table now.. scrip only 1 for 1300 which I have accepted

NWE Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
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