Just a reminder that management are not empowered to accept a takeover offer, the share holders are the ones who decide. A bid a this point would serve to propel the sp way past where it is now and would be likely followed up with other hostile bids which shareholders are entitled to consider. Ron is a shareholder , its not his to sell and I am sure he is 100% aware of that.
Resut from google
On the ASX, a takeover bid requires 90% of shareholders to accept to trigger compulsory acquisition. However, if a bidder already holds a significant portion of shares, a scheme of arrangement may be used, requiring a majority of shareholders in number and a 75% vote by value.
LRV Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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