What are the options for 75%?
honestly if it got to 75% id accept than be straddled in an unlisted company as their just isn't the public accountability and ability to cash out on market. Id only like to leave acceptance till this bevomesbecomes a reality however do they mostly are close the offer and tough luck if you hadn't accepted and it turns out they have 75%?
also how will their ability to buy on market after the offer works. They cant pay more than the offer but does that work off a live TER price as it is pretty ingenuine to base it off their perceived offer value of 32.5c or whatever it was based off their 39c vwap? This would allow them to buy on market up to 32.5 c which doesnt seem right.
id encourage anyone fighting to keep this profitable company to keep your shares off the market anyway for now. They cant buy if no one is selling (Hopefully)
i agree. Id merge if we wwre getting an equal merger of deals. The deal does not recognise the greater value than what we are receiving in equity. Anyone not blind can see that. Again the holders who have voted to sell presumably have a much better offer we arent aware of otherwise why sell it at lower.
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Ann: TER: Offer Document - Universal Coal plc, page-42
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