EAR 0.00% 32.5¢ echo resources limited

Ann: NST: Northern Star Acquires Control of Echo, page-3

  1. 917 Posts.
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    Quite a threatening and bullying announcement to existing shareholders who have not sold. Have acquired 59% ownership and have swept the broom through the EAR management and replaced with NST staff.

    Obviously with a majority shareholding, there will be no counter bid by a third party. The question which needs to be understood is if you accept the 33c offer, if a superior offer is then subsequently made by NST to obtain remaining 100%, will shareholders who sold for 33c also be eligible to be paid the difference between the higher off and the 33c?
 
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Currently unlisted public company.

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