Even a board endorsed bid will never acquire a majority interest to pass resolutions in a large cap stock like AGL, which is needed to wind up or delist a company. No one can make you sell your shares if you don't want to regardless of whether it's recommended by the board or not. But only in takeover scenarios can they even acquire a over 20% interest.
A 20% interest is sometimes called a controlling interest, somewhat misguidedly, because they can have the power to block resolutions.
- Forums
- ASX - By Stock
- Question - if bid is successful, will it be delisted?
Even a board endorsed bid will never acquire a majority interest...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$10.56 |
Change
-0.040(0.38%) |
Mkt cap ! $7.104B |
Open | High | Low | Value | Volume |
$10.62 | $10.65 | $10.46 | $14.25M | 1.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14496 | $10.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.57 | 14024 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11376 | 10.510 |
4 | 11241 | 10.500 |
2 | 5766 | 10.490 |
1 | 3000 | 10.480 |
1 | 2500 | 10.470 |
Price($) | Vol. | No. |
---|---|---|
10.580 | 10000 | 1 |
10.590 | 2400 | 1 |
10.600 | 1900 | 3 |
10.620 | 596 | 1 |
10.630 | 12880 | 3 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
AGL (ASX) Chart |