At 90 % acceptance, compulsory acquisition comes into play for the remaining 10%.
At 89.9% acceptance, the takeover technically cannot proceed , but the reality is that this entitles the buyer to a majority of seats on the board.
Therefore they are free to take whatever decisions they wish, which may not be in the best interests of the remaining , minority, shareholders
I think once the 50% mark is reached, effectively the game is all over.
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- we need ten percent to say no
At 90 % acceptance, compulsory acquisition comes into play for...
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