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67.5¢ tietto minerals limited

Ann: Takeover Offer Update, page-43

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morgarama

878 Posts.

175

30/04/24

16:46

Post #: 73589186
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Originally posted by freddypooey: ↑

The offer is expiring on 2nd May 2024. That's 2 days from now, no way they can get 75% or 90% in 2 days.

What happens if they hold say 51% (extra 11% in 2 days) , but not 75% or 90%? i.e. can they choose not to extend and say "fine, we are happy with 51%, offer done"?

Or are they obliged to get to 75% (all or nothing)? i.e extend or cancel their offer?

Last time I hold shares in company that got bought out, my shares were automatically sold without my knowledge or consent (wasn't paying attention to my portfolio for years) and I just get a lump sum in my CDIA comsec account. So I have no clue whether to

1. accept the offer or not
2. how to accept it even if I want to (since it requires signing an acceptance form which I can't seem to find).

Sigh. I'm feeling so clueless here.

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They are not doing all of this to stop at 51%. They want to own the company outright.They can keep extending the TO until October.You can decide how likely it is, that they'll acquire 75-90% by then.

TIE Price at posting: 67.5¢ Sentiment: None Disclosure: Not Held
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