BPT 0.44% $1.14 beach energy limited

Good find wacky.I wonder if anyone can explain how the different...

  1. 11,959 Posts.
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    Good find wacky.

    I wonder if anyone can explain how the different entities that are linked to J P Morgan can hold a stake larger than %19.99?
    (I realize that it is two separate holdings).

    Would this not set off the takeover clause?

    Obviously it has not as yet, so what are the legal ramifications for a company with multiple holdings within 1 company in Australia if a takeover ever did occur?

    My initial thought is that this situation is very unfair.
    Cheers for any thoughts and comments.

    I am not expecting a T/O of BPT just yet, but just interested in understanding BPTs situation.
 
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