Is this a misrepresentation on Hoctief’s part? If Hoctief has reached compulsory acquisition threshold, why not say the offer will not be extended?
From the Postcard:
[Dear CIMIC shareholder,
This reminder is issued by HOCHTIEF Australia Holdings Limited (HOCHTIEF Australia).
HOCHTIEF Australia now has a relevant interest in over 90% of the shares in CIMIC Group Limited (CIMIC) and is entitled to initiate a compulsory acquisition process to acquire the remaining CIMIC shares.]
CIM Price at posting:
$22.00 Sentiment: Buy Disclosure: Held
