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
A person or organisation who owns or has voting control over 25%...
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Last
26.5¢ |
Change
-0.035(11.7%) |
Mkt cap ! $287.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 26.3¢ | $3.707M | 13.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 137904 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 535375 | 21 |
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| Last trade - 12.47pm 25/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |