DRA dra global limited
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doesn't 20.0% plus require takeover?

  1. BazzM
    390 Posts.
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    16/03/12
    10:40
    Post #: 9849027
    EUG now own 24% of DRA after the new issue. Doesn't that trigger a full takeover offer under ASX rules?

    I know it seems crazy for a $13m company taking over an $88m company but what about the rules? Maybe acquiring shares through subunderwriting doesn't count?
    DRA Price at posting: 98.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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