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The Rod Sims "Bob Hawke apparatchik" controlled ACCC is a joke...

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JCoure

34,208 Posts.

890

26/01/16

12:44

Post #: 16869849
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Originally posted by dct ↑

The takeover is a friendly scheme of arrangement so only needs 75% of shares by value and 50% by number to vote for it to get it over the line. 16% is not a blocking stake so a counter offer is the only way to get a higher price unless Ruffy can get another 9% of shareholders to back him to hold out for a higher bid.

You are right Orora is the left field contestant but may be ACCC issues there. The bidder has plenty of financial muscle and will win in the end I think particularly with the currency advantage.

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The Rod Sims "Bob Hawke apparatchik" controlled ACCC is a joke and unlikely 2 be able to legally challenge a ORA-CKL TO IMHO but pls DYOR.

When will PM Turnbull get rid of the politically affiliated Sims?

CKL Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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