QIN 0.00% 29.5¢ quintis ltd

KKR PREPARES BID, page-17

  1. 9 Posts.
    Don't worry Boz, the shorts can't vote, you need to be a holder to vote, even on an ASX stock. Let's hope it comes to that. As far as the buyout price goes, I don't think the current artificially depressed market price will impact enterprise value very much. The real benefit of the low market is that someone, let's say KKR, can establish a position at these levels before having to announce their substantial holding. Once a bid is made there will have to be an independent firm which will provide a "fairness opinion" based on the company's value as a going concern, as well as on its assets.
 
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