ESG 0.00% 86.5¢ eastern star gas limited

implications of a move on sto, page-3

  1. 3,666 Posts.
    H,

    Just one comment/question.

    Previously Holy reminded us of the creep provisions, allowing STO to get over the 20% threshold without invoking a takeover bid.

    Were STO to do this, and if STO were subsequently takeover by another party, would this trigger the need for a takeover bid for ESG? This sort of thing happened when CFE took over the 'job-lot' from the administrators of CopperCo... CFE were forced to go through the motions of a takeover bid on COV, by virtue of the fact that they ended up acquiring more than 20% of COV...

    Appreciate anyone's thoughts on this?

    Y
 
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