They would have to make a bid if they were associates who held a relevant interest of more than 20%.Nobody has to accept a takeover if they think the price is too low, unless the bidders get to more than 90%.A scheme of arrangement is different, but an SOA requires a 75% vote by shareholders to approve and the bidders aren’t allowed to vote their shares - so very hard to get approval unless shareholders vote for it
Good Information. Talking about GG and a take over bid.
Aloha.
once approved, page-82
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Last
$1.57 |
Change
-0.210(11.8%) |
Mkt cap ! $1.792B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.74 | $1.52 | $15.63M | 9.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5127 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 39613 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |