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5.6¢ norwest energy nl

they will continue to hold any shares that they acquired during...

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538 Posts.

233

28/01/23

11:27

Post #: 65921930
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Originally posted by SlipPick: ↑

Lets say MIN get to 40% and the deal falls through as we believe/hope it will, somewhere well short of 90% anyway!
If at 20% you must launch a takeover bid how can MIN then sit at that 40% of NWE from that point on, do they need to sell back to 19.9% or are their special rules that allow them to hold 40% because of the takeover offer and we just press on with that scenario ?

I've tried to find answers but dead ends so far on the question..

SP

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they will continue to hold any shares that they acquired during the takeover.

They are entitled to sell them or keep them the same as anyone other shareholder.

NWE Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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