On the ASX what are the requirements to delist a takeover target company?
The Australian Securities Exchange (ASX) requires that a takeover target company be delisted if:
1. The takeover offer has been accepted by holders of at least 90% of the target company's securities;
2. The takeover offer has been declared unconditional;
3. The takeover has been approved by the Australian Securities and Investments Commission (ASIC) and the Court;
4. All conditions of the offer have been satisfied or waived;
5. The offeror has executed a deed of delisting; and
6. The offeror has paid for all securities taken up under the offer.
On the ASX what are the requirements to delist a takeover target...
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$53.92 |
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Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
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| Price($) | Vol. | No. |
|---|---|---|
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