A person or organisation who owns or has voting control over 25% or more of a company’s shares can unilaterally block the approval of a takeover conducted by a scheme of arrangement, because one of the scheme voting thresholds is approval by at least 75% of the votes cast on the scheme resolution.
Aus Super knows how valuable Syrah is - I believe they have acquired such a large controlling stake to prevent a stealth takeover for peanuts - outside their control.
That said if heavy buying were to happen early in the new financial year as I suspect it might - I wouldn’t rule out Aus Super as part of a Syndicate taking it private.
Cheers
DYOR IMO
General Discussion, page-1548
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $346.6M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 33.5¢ | $1.823M | 5.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 232532 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 73000 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |