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0.00% 1.3¢ king river resources limited

Bots sucking life from ASX, page-128

  1. ohyeah76
    3,479 Posts.
    lightbulb Created with Sketch. 852
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    04/09/18
    15:16
    Post #: 35406326
    not quite!

    the board will endorse or reject an offer.

    the predator still needs to have acceptance from the shareholders, by way of subscribing to the offer.

    90% is the magic number where... if the predator acquires over 90% they can force the remaining shareholders to sell into the offer.

    it is possible that a takeover could be endorsed by the board, but rejected by the shareholders.

    simple as that.
    KRC Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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