Australia's largest stock trading and investment forum Australia's #1 stock forum

CIM

Click for more information

0.00%

$22.00 cimic group limited

Why did they extend the offer then.

First 5 Last

Share
Profile

Follow
nunga123

52 Posts.

1

26/04/22

20:09

Post #: 61028851
Share

Originally posted by g12m0: ↑

From the AFR:

Cimic takeover draws to an end

The $1.5 billion hostile takeover offer for Australia’s biggest construction company has been extended again despite bidder Hochtief securing more than 96 per cent of Cimic’s shares, allowing it to compulsorily purchase stock from minority shareholders.

——

Because it owns more than 90 per cent of Cimic, Hochtief has the power to compulsorily buy up the remaining shares and has passed the crucial 95.92 per cent threshold that allows for immediate acquisition.

Expand

Why did they extend the offer then.

CIM Price at posting: $22.03 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 5 Last

Add CIM (ASX) to my watchlist