Hi there,
if you did not formally accept the Offer for your QGC shares prior to the Offer formally closing, you will have to WAIT until your shares are compulsorily acquired. There is a court process involved in this compulsory acquisition process. I am sure it takes at least one month between close of offer and comp acq.
that is why, when BG got their 90% all s/h s/have accepted the BG offer- BG said that if s/h did not accept, then those s/h would have to wait for their money.
Those s/h who did accept, i think got paid in 5 days.
I was in a similar situation once and waited about 2 months for my money.
I think that BG cannot accept (any pay for) any shares once the Offer is formally closed.
cheers
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queensland gas company limited
Hi there,if you did not formally accept the Offer for your QGC...
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