Can they do that BB. Wouldn't more than 20% holding breach some regulation or other.
Having said that what do management mean when they state in the "do nothing" statement that:
Universal is not afforded the protections that would apply if it were regulated by the UK Panel on
Takeovers and Mergers under the UK City Code on Takeover and Mergers or,
the Australian Takeovers Panel under Chapter 6 of the Australian Corporations Act.
Sounds a bit of a worry.
Can they do that BB. Wouldn't more than 20% holding breach some...
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