I would think that once they get an acceptable offer from another company, PCH will have no choice than to remove the "clause" from CAPE's contract.
If they don't then they restrict CAPE's ability to buy the shares on market which may be in breach of the Anti Competition rules. ACCC and ASIC may have something to say about that.
In a publicly listed company, any other company has the right to compete against a competitor in the purchase/takeover of that company.
At what price will the takeover games begin. Surely if they rejected $1.30, $1.35 is not that much better. But $1.35 has been bandied around as a starting price.
Any thoughts???
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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