- the sale of the CCP asset has nothing to do with a takeover of the EXS shares. IVA can still takeover the shares in EXS after the CCP sale has been approved by shareholders, and even after completion.
- secondly, the approval of shareholders is only one part of the pre-conditions for the sale of the CCP asset to go through. The others include various govt approvals and also the support of the board. MA was saying that the board could withdraw their support if a better offer for the CCP asset came through. Technically I guess this could occur at any time before all the other preconditions are met.
Therefore, 9 June is not necessarily a drop-dead date.
EXS Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
