Yes, but before they made their takeover offer (KAH+EXT) they did not hold any shares, were not on the board, and cannot be considered as an insider. If it were RIO buying up shares and launching the takeover it would be different.
"Where the bidder's existing voting power in the target is 30% or more (or there are common directors), the target's statement must be accompanied by a report from an independent expert
We got done cheap because China made the first bid and the miners are too frightened to bid against them. Now that we all know that - China will get whatever it wants unchallenged for peanuts.
EXT Price at posting:
$8.61 Sentiment: Hold Disclosure: Held
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