re: Ann: Becoming a substantial holder in BOW... Aussie_Boy, You...

re: Ann: Becoming a substantial holder in BOW... Aussie_Boy,

You wrote:

"Correct me if I am wrong, but the bit about altering the price can be overcome by scrapping the SOA and launching a takeover??? "

That's correct Aussie.

But, the SoA has to be scrapped first before a takeover can be implemented by the same bidding company.

But then, the bidding of the costs involved in running a takeover), without any reassurance that they will be able to get 100% of the vendor company. In this instance BOW.

As I previously wrote, the difference between a T/O and a SoA, is that with a T/O the bidding company can only get what it can get, and that it cannot enforce a "Compulsory Acquisition" unless it will reach a minimum of 90% of the total shares on issue, while with a SoA they will only need to get 50% plus 1 vote that represents a total of 75% of the shares on issue, to force the remaining shareholders holding 25% into selling their shares to them. As I wrote before with the SoA, they will get 100% of a Company, or absolutely nothing.

Regards and DYOR.