While it's fun to guess/hope/wish on takeover offers,the point you raise may be more valid.
The company did say it was a "potential change of control transaction" which means the acquirer only needs 50.1% of the company in order to....
Can veto or pass ordinary resolutions in general meeting, including: �� remove directors from board �� authorise a final dividend �� authorise capitalisation of reserves �� approve transaction with connected party �� removal of auditor prior to the expiry of his term.
In Nick we trust :))
Bring on tomorrow!
Cheers
CAP Price at posting:
51.5¢ Sentiment: Hold Disclosure: Held
