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

MCR

Click for more information

0.00%

$1.39 mincor resources nl

Bell Potter - HOLD recommendation, page-23

First 23 Last

Share
Profile

Follow
zebster

4,997 Posts.

2244

13/05/23

12:58

Post #: 67757197
Share

Originally posted by Chass: ↑

There are laws in place to protect shareholders in a takeover situation. In Australia, the Corporations Act 2001 sets out the rules and requirements for takeovers, including provisions for protecting the interests of minority shareholders.Under the Corporations Act, if a company is being acquired by way of a scheme of arrangement, the scheme must be approved by a majority in number of shareholders who vote and by at least 75% of the votes cast. If these conditions are not met, the scheme cannot proceed.In addition, if a shareholder does not wish to accept the takeover offer, they may have the right to sell their shares to the acquirer at a fair price. This is known as the "squeeze-out" provision.Overall, while there is some risk involved in a takeover situation, shareholders are generally protected by the laws and regulations governing takeovers in Australia. It is important for shareholders to carefully consider their options and seek professional advice before making any decisions.

Expand

You should know that this takeover bid isn't being conducted under a Scheme of Arrangement, so the rules around SOAs don't apply. Be careful not to muddy the waters with concepts that aren't relevant to Wyloo's bid.

MCR Price at posting: $1.41 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 1 more message in this thread...

First 23 Last

Add MCR (ASX) to my watchlist

SPONSORED BY