Does the bid need to be made by a listed entity?
E.g. what if a trust were set up by a sufficient number of holders and altogether they had 50% of the company. Could this trust make an offer to acquire another (say) 1% of the company. If we already own 50% we could appoint our own director who would recommend this offer. We could make the offer at the prevailing market price at the time and then buy those shares at an acceptable outlay for each holder.
Would that work?
The aim of this is not just to avoid the convertible note liability. It is also to have more control over management. Of late it has seemed management are out of touch with share holders.
- Forums
- ASX - By Stock
- KBL
- Shareholder Interest Group (Revolt-ing)
Shareholder Interest Group (Revolt-ing), page-6
-
-
- There are more pages in this discussion • 29 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 KBL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online