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14:57
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Originally posted by rosencrantz:
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well, katy, Westgold are not out of the MGV takeover picture despite the misleading statement in their announcement that ' Westgold’s offer will close at 5:00pm (AWST) on Monday, 24 July 2023 and any acceptances will be null and void. Any self respecting corporate lawyer would have advised the WGX Directors that in the event that acceptances for their bid exceed the minimum acceptance condition of 50.1% Westgold will be obliged - under takeover law- to proceed wit the issue of the WGX shares to those acceptors. It is conceivable, if highly unlikely, that Ramelius slips on a banana in the next few weeks so that its offer consideration is inferior to that of the offer from Westgold. So, no, katy, ' WGX ARE NOT OUT'
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There is no doubt WGX is not finished with acquisitions. Merely stating WGX is out of contention with upping the ante for MGV.
