Sorry @2ic I have got my terminology wrong. I am talking about a proportional take-over bid so you may be misunderstanding me.
A proportional takeover bid can be made to all shareholders for a specified portion of their shares. I.E company X will offer Cardinal shareholders $1.01 per share to acquire 20% of all shareholders shares.
Proportional takeovers are rare although they are completely legal.
I'll leave it to you to see if you can find some ASX examples... Looking forward to see what you have to say
- Forums
- ASX - By Stock
- Ann: TOV: CDV Panel Receives Review Application
Sorry @2ic I have got my terminology wrong. I am talking about a...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CDV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online