They could of done that before, but there are a couple of differences now.
- the shares would be going to 1 holder, and Taurus will have a say as to who that is.
- the shares going to 1 holder is also a lot easier to organise
- they now have an Independent experts report which details fair value and gives Taurus a bargaining chip, to dictate any placement price.
I'm not sure there is anything else in their plan.
Why would Taurus consider going down this 15% shareholder path if they were so committed to a full takeover?
They could of done that before, but there are a couple of...
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