As Mega's takeover is based on recieving minimum 50% of shares and options, it will be interesting to see whether the remaining shares will remain on the ASX.
If I am correct compulsory aquisition only cuts in at 90%. As such perhaps we will stay listed on ASX and as such be able to continue to ride this one...though having a single large shareholder is never good for liquidity.
Let's see what the Bid and Target statements say.
Any others with thoughts on this.
Still believe this is a cop-out by the directors.
dodds
RPT
redport limited
