Compulsory acquisition A bidder under a takeover bid11 may...

Compulsory acquisition

A bidder under a takeover bid¹¹ may compulsorily acquire any remaining securities in the bid class if during, or at the end of, the offer period, the bidder and their associates have:

• relevant interests in at least 90% (by number) of the securities in the bid class and
• acquired at least 75% (by number) of the securities that the bidder offered to acquire under the bid.

Ch 6A sets out the requirements for any compulsory acquisition process.

This worries me, Todd are increasing their holding slowly and we could be headed towards a CA