"My guess is Glencore will slowly buy upto 90% and then do a compulsory acquition of the rest. I think that ASX allows companies to buy upto 5% of issued capital every 6 months."
MRE market cap $700 mill and no debt.
Why wouldn't they buy all of MRE?
They'll take the $250 million cash that's in the bank than take out a bank loan to make an acquisition and than sell the company for more profit.
Smart business if you ask me
Ann: Change in substantial holding , page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
