"the Azure Board intends to vote all Azure shares held or controlled by them in favour of the Scheme and, in the event the Scheme is not successful, accept those Azure shares held or controlled by them into the Takeover Offer".
Assuming the Scheme does not proceed as it needs 75% approval, then the Takeover is implemented. That means the Germans and all the directors will sell to SQM at $3.50. They are legally bound to do so? That gets SQM to the 31% Gmeister referred to. Plus anyone else who accepts the $3.50.
Ms Hui (Annie) Guo is a director nominated by Creasy. So, does she have to sell the Creasy shares into the takeover as well?
AZS Price at posting:
$3.57 Sentiment: Hold Disclosure: Held
