OAK 1.45% 7.0¢ oakridge international limited

Just remember that to contend a CA, we must have 10% of the...

  1. 460 Posts.
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    Just remember that to contend a CA, we must have 10% of the remaining stock (non-minor). If Minor have 90%, we need to only cough up 1% of Oak to force them to go to court (at their cost), where their 52c offer will need to be considered good value to allow the CA.

    This will not happen, as the KPMG valuation was conservative by nature and is measured in a range averaging 73.5c. I suspect that they are aware of this and will offer something else (if they really wanted to rush this).

    If they have the time, they will probably argue it out at court or hope the <10% of people who did not accept did so because they are lazy and not expected to contend the CA.
 
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