re: Ann: AEL's Increased 42 cent offer fo... NurseryI think you...

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  1. 1,190 Posts.
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    re: Ann: AEL's Increased 42 cent offer fo... Nursery

    I think you are wrong on the following "If they get more than 90% they will takeover the remaining shares but the price must,by law, be at a fair market price at that time."

    According to the AEL Bidder's statement the 90% level may trigger a compulsory buyout of the remaining shares. This will be done at the bid price (42 cents) not at a valaution price.

    I am 99% certain of this, but happy to be proven wrong.

    Cheers

    Al


 
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