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.
Even a board endorsed bid will never acquire a majority interest...
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 (20min delay)
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Last
$9.86 |
Change
-0.030(0.30%) |
Mkt cap ! $6.633B | |||
| Open | High | Low | Value | Volume |
| $9.95 | $9.99 | $9.82 | $26.41M | 2.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 23824 | $9.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.89 | 5347 | 2 |
View Market Depth
| Last trade - 16.18pm 23/07/2025 (20 minute delay) ? |
| AGL (ASX) Chart |