I think that as long as the company is listed on the ASX previous sellers would receive the increased priced if the offer was bumped up as per OffMarket takeover rules.
But if the company is delisted I don’t think it would apply.
Depending on who is left holding and at what percentage he ends up with RG could use the creep rule to get over the line, but that would take time and put pressure on the share price to the advantage of holders.
Raphael is a smart man that does not give 2 $hits about the shareholders of this company, he would have played out and planned for many scenarios, only time will tell how this will play out.
Good Luck
Ann: Supplementary Target's Statement, page-224
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Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $268.5M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 78.0¢ | $1.247K | 1.599K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 2200 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PGH (ASX) Chart |