For those interested about when a compulsory acquisition occurs as per the Australian Government Takeovers Panel:
A bidder under a takeover bid may compulsorily acquire any remaining securities in the bid class if during, or at the end of, the offer period, the bidder and their associates have:
- relevant interests in at least 90% (by number) of the securities in the bid class and
- acquired at least 75% (by number) of the securities that the bidder offered to acquire under the bid.
For those interested about when a compulsory acquisition occurs...
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