But if EXS did make a scrip offer:
1. IVN would end up owning a large % of EXS
2. There would be an even larger pool of funds for development of the IVA/EXS assets
3. IVN would then end up having their Australian assets all within the EXS entity which was the original plan, prior to the IVA listing
I am not stating that EXS are going to make an offer.
But do not assume that IVN would try to block any such offer.
nearly time to launch the bid for iva, page-5
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