PGH 0.00% 84.0¢ pact group holdings ltd

RG’s new plans?, page-4

  1. 77 Posts.
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    hi Leasx, if he makes a new bid for the company there are a whole new set of conditions he needs to meet to be successful and obtain compulsory acquisition. I think Richard mentioned he needs to acquire at least 75% of all remaining shares he doesn’t already own in order to be successful. Unless he offers a generous bid price that the larger holders are happy with I think a new bid is also unlikely to be successful

    Therefore I am wondering if there are any other ways he can reach compulsory acquisition and take over PACT without making a bid
 
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