'This is headed for a company with 4 major shareholders, no one with enough to complete a takeover or control and all wanting different things from the company. End result major shareholders want a say on the board, a split board and a company going backwards because of competing interests'
I don't think any of the major shareholders, apart from Kirin, will be content with that. Bega is now free to bid without worrying about the ACCC. MG's imaginative route to get clearance without the ACCC could take months.
BGA's freedom now alters the situation, and I think it likely they could come back with another bid, maybe after stitching up a deal with Kirin.
I don't think Saputo are done yet and may try a knockout.
- Forums
- ASX - By Stock
- WCB
- lion buys blocking stake in wcb
lion buys blocking stake in wcb, page-16
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity