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

AZS

Click for more information

0.00%

$3.69 azure minerals limited

, it moves to an off market takeover for $3.50 - That could be...

First 956 Last

Share
Profile

Follow
Resolute7

7,262 Posts.

574

17/11/23

00:36

Post #: 70951961
Share

Originally posted by AlphaDelta: ↑

Who said SQM were bailing? Are they not still in the hunt to get 50.1%?

Looks like a lot of water still to flow under the bridge to me. The scheme hasn't failed yet, if or when it does as seems likely (or if SQM elect to end it early), it moves to an off market takeover for $3.50 with no minimum acceptance condition. SQM can then attempt to acquire whatever they can get in excess of 20% for $3.50 from whoever might accept.

Creasy with 48% determines what happens here. The other players acquiring a blocking stake are potentially securing themselves the ability to negotiate with Creasy to obtain effective (>50%) control if he can be convinced the price is right.

From my understanding of the law, Creasy could ask for and receive a higher price for his 40% of Andover that is held independently of AZS. It is worth more not just for the control premium but also because it is free carried to FID.
The ~12% in AZS shares Creasy holds would be subject to the same price and conditions as other AZS shareholders.

Expand

, it moves to an off market takeover for $3.50 - That could be one of the likely options I feel

AZS Price at posting: $4.02 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What each US election outcome would mean for Australian companies & investors

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

There are more pages in this discussion • 15 more messages in this thread...

First 956 Last

Add AZS (ASX) to my watchlist