From reading that, if MIN get 50% the offer is automatically extended 14 days without and change to the offer.
Unfortunately, I think MIN will scramble to 50%. It closes next Monday, so almost a week to go including the weekend.
While you can argue this is a friendly takeover, with the BOD accepting you can argue from a shareholder perspective it is a hostile takeover.
As such, acceptances normally come in on the last day or so.
I don't think we will know until Monday or Tuesday with most acceptances happening over the weekend.
I will continue to hold regardless of MIN's holding.
- Forums
- ASX - By Stock
- NWE - Week starting 13th February
From reading that, if MIN get 50% the offer is automatically...
-
- There are more pages in this discussion • 208 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)