Yeah, I put some info about it at time as did 1 or 2 others. Search asx compulsory acquisition rules and you will find details. Unless their current offer is taken up by 75% of remaining shareholders, they can't force us to accept that price, goes to independent expert. The offer also has to be in cash.
Glencore had originally been trying to sell to Yankuang (unsuccesfully) and believe Cinda has/had cash pressure to sell some and nothing happened for a while. Could be wrong but doesn't feel like Yankuang is actively trying, they lobbed an opportunistic low bid, no one accepted, now both other major shareholders have sold some or all of their shares and Yankuang hasn't seemed to have done much (well, not that is publicly discussed). If they genuinely want to take over, they're really not showing any intent to do so.
Still very interested to find out who acquired but sure it'll come to light soon enough.
Yeah, I put some info about it at time as did 1 or 2 others....
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Last
$5.40 |
Change
0.130(2.47%) |
Mkt cap ! $7.130B | |||
| Open | High | Low | Value | Volume |
| $5.32 | $5.40 | $5.28 | $16.60M | 3.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2108 | $5.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.40 | 3663 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| YAL (ASX) Chart |