Originally posted by Maysgr
One needs to do their research before firing off complaints!
I haven't had a chance to have another look at it yet.
I already have thought of 5 questions to ask Realm, but won't be sending them yet.
If anyone has any questions they want me to consider asking, then you can email
[email protected]
There are some inaccuracies in some of the posts above.
- the involvement of the Takeovers Panel ended long ago. They will only get involved if the 35c is not paid by the due date.
- the date of this report is 31 August. That's 4 weeks after the close of the takeover bid. The who accepted have not been impacted by the difference in dates of the date of the report and the release of the report.
- T2 needed to declare their revised offer price to the IE BEFORE they commenced work on the new report. It's then up to the IE to determine whether the revised price is fair or not.
- T2 will not have been able to purchase any further shares from holders after the Takeover Offer closed (3/8). Their holding then will still be their holding now.
I can understand why so many sold
- wanting the money
- had enough
- lost trust in Gordon Galt and the majority of the Board
- Gordon Galt and the Board not appearing to be acting in the best interests of all shareholders, despite it being their fiduciary duty
- better investment opportunities elsewhere.
- uncertainty on when they will be bought out.
Maybe clarify ifthey have already declared their offer for the ASIC run IER to be done:
I was under theimpression the offer is remaining at $1.35
See the below announcements:
Ann: Bidder hasrelevant interest in 96.30% of Realm Shares
As the Bidder and its related bodies corporate have fullbeneficial interest in at least 90% of the shares on issue, the Bidder hasconfirmed to us it that it intends to compulsorily acquire the remaining sharesin Realm in accordance with Part 6A.2 of the Corporations Act 2001 (Cth).Accordingly, the Bidder has advised Realm that it has made an application toASIC to commence the General Compulsory Acquisition process for remainingminority shareholders in Realm. ASIC has 14 days to nominate a panel ofIndependent Experts for the Bidder to use in preparing a report
On the Ann: Right tobuy out remaining holders
Under Section 5. It states:
Unless otherwiseagreed, the terms on which the securities will be acquired by the bidder willbe the same as the terms which applied to the acquisition of securities underthe bid immediately before the end of the offer period