EKA eureka energy limited

interesting point in eka reply, page-4

  1. 1,655 Posts.
    EKA is probably referring to the matters itemised in section 652C(1) of the Corporations Act 2001, which was mentioned in AUT's Bidder's statement. If target company directors were free to wreck a bid by executing one of those actions recognised as likely to impact on a bidder's evaluation, shareholders would be deprived of the free choice of whether to accept or stick with the target company. I would guess that there could be consequences to directors that deliberately spoil a bid.

    That is my guess.

    They want shareholders to stick with the company but cannot act against the best interests of shareholders and cause the offer to collapse or be withdrawn. No contradiction.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.