Hi
It looks likely that after the two week extension of the take over offer that GPG will hold 70-80% of the company. To get full control of the company they need 90% which I feel would be unlikey at the end of the "current" take over offer.
It is inevitable that GPG will control the company but to get to 90% shareholding they will need to make a better offer to the remaining share holders.
I suggust remaining shareholders sit back and wait for a better offer to turn up from GPG. I reckon they will come to the party in 3 months to a years time.
Cheers Hoisty
GQH
gosford quarry holdings limited