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MIN also changed the offer from conditional to unconditional...

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09/04/23

10:11

Post #: 67196547
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Originally posted by Pottermore: ↑

Someone raised the issue that the original offer from MIN stipulated a date that the shares had to be registered by to be accepted in the takeover offer.
From memory the BOD of NWE had not converted their options into shares by that date.
The NWE BOD rejected the offer as per the document sent out.
From memory NWE BOD converted their options into shares.
MIN changed their offer to 1:1300 and the NWE BOD changed their recommendation to acceptance.
NWE BOD were then able to accept the MIN offer.
Is there a conspiracy theory here or am I reading too much into the events that took place.
If the date of the registration of shares in the offer document is legally binding how were the BOD of NWE able to participate with all their converted options??????? without a new offer document being issued with a change of date ?????
Can someone with some legal knowledge please explain ????????

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MIN also changed the offer from conditional to unconditional from memory.
This is a very substantial change between the two offers.

NWE Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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