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22/10/15
11:02
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Regardless of the outcome of the Takeover Panel, I still think the incumbent Board should place 15% in the hands of a 'strong' friendly quick.
Any vote on Nobel type finance will likely need to be voted on by independent shareholders.
A new strong 15% shareholder could also block Noble & Associates from every achieving 100% control. (10%+ the blocker)
I suspect the longer Noble leave it to show us a fair bid price, the more expensive and messy it will prove ... and eventually cost them.
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