If I understand correctly, the 90% compulsory acquisition rule applies to a different context; It allows an owner who already holds over 90% of the shares to forcefully acquire the remaining 10%.
In the case of a RAC takeover the buyer would likely have no to a minor stake in RAC.
https://www.ashurst.com/en/news-and-insights/legal-updates/takeovers-in-australia/
Pillar 1 - FTO (new thread), page-452
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Last
$1.67 |
Change
-0.030(1.76%) |
Mkt cap ! $283.7M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.66 | $65.27K | 38.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2200 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 400 | 1 |
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| Last trade - 14.34pm 17/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |