According to today's release, 75% of BOW shareholders must vote in favour of the takeover.
So if you take the board, and whoever Shell has lined up behind them, how close are they to 75%?
It has been pointed out elsewhere that Shell only had to increase their offer enough to get the board to agree. I suspect a lot of people may just go with what the board suggests.
But if there is the risk that even 25% of shareholders might vote no, what action would Shell take? Any thoughts on whether or not we could see a further offer?
I would be surprised.
Has anyone contacted the shareholder information line yet? It's 1800 623 855 if you are interested.
BOW Price at posting:
$1.47 Sentiment: Hold Disclosure: Held