From the MGX takeover bid.
The Offer is subject to the following conditions:
• At the end of the Offer Period, Mount Gibson has relevant interests in at least 90% of the Aztec Shares (on a fully diluted basis).
...
• Between the Announcement Date and the date of the Offer, Mount Gibson Shares do not trade below $0.71 on ASX at any time on any trading day.
MGX is currently trading at 71c.
I'll admit I don't know much about the consequences if it trades below 71, or even if there are any.
Can anyone offer any insight into this?
thanks.
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