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
-
- There are more pages in this discussion • 305 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
0.025(10.2%) |
Mkt cap ! $279.4M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.0¢ | 24.0¢ | $1.969M | 7.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 151362 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 246841 | 4 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |