EXT 12.5% 0.9¢ excite technology services ltd

Hi HarleeI'm just as peeved off as you, However isn't the offer...

  1. 408 Posts.
    Hi Harlee

    I'm just as peeved off as you, However isn't the offer only triggered at 50%. The Chinese could walk away with only what they have purchased on market (very unlikely though) that the way I read the offer. All shares are pledged and will only be paid for if they get over 50%. Correct me if I'm wrong.

    The UK takeover panel did us no favors and I wasn't overall happy at the time.

    Ray
 
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