The potential ALB offer, if they go ahead, is by SOA, so it is an ALL or NOTHING (apart from what ALB might already own, which is <5% as I cannot recall seeing a substantial shareholder notice for ALB) depending on whether the required 2 ‘voting in agreement’ percentages are met at any SOA meeting.
Note this is quite different to the ‘classical’ share (hostile) takeover where bidder makes offer to buy all or some %age of shares from all shareholders and each shareholder can decide whether to accept (sell) or not. Only when bidder controls 90% or more of shares can they compulsorily acquire rest. Until that is reached, any shareholder can refuse to accept offer and stay around as a minority shareholder.
LTR Price at posting:
$2.87 Sentiment: Hold Disclosure: Held
(20min delay)