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32.5¢ echo resources limited

Ann: NST: Northern Star Acquires Control of Echo, page-5

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xr

1,004 Posts.

135

16/10/19

09:53

Post #: 40902648
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Originally posted by rising: ↑

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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Yes you will the bidders statement clearly says so.
I called the hotline and also had it clarified.

That said, SLAS we have two minority holders with at or just over 10% (combined) then even if NST has say 89% at C.O.B. on the 28th it still isn't enough.

Price go up.

Last edited by xr: typo 16/10/19

EAR Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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