re: Ann: Third Supplementary Bidder's Sta... Misfits, I'm not wrong...
51% = a controlling interest.
90% = compulsory acquisition of the remaining shares.
I choose my words carefully ...
"RNG already have about 43% of the vote. It wont take much 'back-room' persuasion to stitch up another 7% and take a controlling interest in FSE"
Okay so I should've said WCC or whatever they call themselves this week.
Whether BBY hold out or not is irrelevant because after WCC own +50% of FSE shares, they'll take control of the decision making process.
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Ann: Third Supplementary Bidder's Statement , page-13
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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