LZA
My understanding is that MVT needs to make a takeover offer at 20%, otherwise there is a creep provision which allows MVT to accumulate 3% of MMX every 6 months.
If I look at the top Holders;
MVT 17%
Posco 13.45%
Ayersland 12.7% (who have only just recently started to accumulate shares)
They hold over 43%. I suggest Sir Ron has these guy's on his side as they too would want to maximise the return from MMX and not accept what the board has offered.
- Forums
- ASX - By Stock
- MMX
- mercantile's intentions ?
mercantile's intentions ?, page-6
-
-
- There are more pages in this discussion • 23 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
Add MMX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online