PLS 5.02% $2.93 pilbara minerals limited

"The Board would be jokers to consider a sale @ $7.50. The Board...

  1. 10,321 Posts.
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    "The Board would be jokers to consider a sale @ $7.50.

    The Board cannot sell PLS, it is owned by the shareholders. The Board can make recommendations but every shareholder owns his/her shares until they elect to sell - EXCEPT if the takeover player gets to 90% of all shares, in which case they can get permission to take the rest if they want them.

    A hostile t/o is when the board recommends against but the t/o player buys up at their offer price
    Last edited by bobadah: 07/05/23
 
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