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
$1.95 |
Change
0.005(0.26%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.96 | $1.91 | $91.41K | 47.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1926 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 2664 | 2 |
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| Last trade - 10.19am 16/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |