goodaye - i am not a s/h. was previously tho.this is just for...

goodaye - i am not a s/h. was previously tho.

this is just for FYI.
I am no expert, so DYOR to check up.

http://asx.com.au/asxpdf/20121112/pdf/42b43mzsft8vtl.pdf

This is the ASX announcement re t/o of Exco Res by Soul Patts.

it's important for ACN remaining s/h, i think, because here we have WSHP trying to reach the 90% level. In order to get the acceptance of enough s/h to put WHSP over that 90% threshold, WSHP had to increase their offer AT THE LAST MINUTE from 19c to 26.5c.

Now those s/h who sold on-market will not get the 26.5c.

those who accepted the offer by mail, will get the 26.5c.

so for my money (which is none!) I would think s/h of ACN are better off formally accepting the offer, rather than dump them in the open market.

because, you never know, DLS might not get to the 90% level, and might just "tweek" their offer.

and the difference in either sale, is simply a couple of days re settelement.

cheers