Ann: MIN: Extension of Norwest Takeover Offer, page-63

The way this takeover has been executed means that all shareholders cannot be treated equally..."the offer". You would of expected an offer to be made at a value and conversion rate to be settled on completion. Instead every acceptance dilutes the share price of MIN as they issue more shares progressively. Every extension to the offer is offering less due to dilution effects and market price movements due to other factors. Best and final really means nothing as the value fluctuates so much...........If MIN shares went to $200 those that accepted early would be hard done by as would be the case when $40 was MIN share price.... ASIC should be enforcing FAIR and equal treatment of all shareholders in any takeover. Directors themselves should of ensured equal treatment to all shareholders.