from the AGM notice: The proportional takeover approval provisions in rule 75 will ensure that all members have an opportunity to study a proportional bid proposal and vote on the bid at a general meeting. This is likely to ensure a potential bidder structures its offer in a way which is attractive to a majority of members, including by using appropriate pricing. Similarly, knowing the view of the majority of members may help individual members assess the likely outcome of the proportional takeover when determining whether to accept or reject the offer.
In my (GrandCombin) opinion, this could allow Tatts to take up to a 50% stake, which would open the doors for Ozlotteries.com to operate in Australia for many years to come... or allow a strategic partner in US, EU or both to fast track global expansion...
either way, I like it and am for it. Things will move fast in 2014 for NASPL and European Lotteries.
JIN Price at posting:
$2.20 Sentiment: Buy Disclosure: Held
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