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.
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Last
97.0¢ |
Change
-0.025(2.51%) |
Mkt cap ! $1.107B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | $1.01 | 96.5¢ | $7.757M | 7.884M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 274918 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 974 | 1 |
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