NWE 0.00% 5.6¢ norwest energy nl

From reading that, if MIN get 50% the offer is automatically...

  1. phx
    532 Posts.
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    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.

 
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