Ann: Red 5 and Silver Lake Resources to Merge, page-284

And following on from the post immediately above, the shares held by SLR in RED effectively mean anyone else mounting a takeover offer for RED simply can't achieve a full takeover without buying out SLR's shares. These shares MIGHT be available but you'd have to suspect SLR will only sell them for an extremely high price.

Conceptually this could happen, and the bidder may be, or may feel, obliged to offer other RED shareholders the same price.

But SLR seems to have already achieved its longer-term objective so I don't see why they'd simply exit RED and simply take a quick profit.