Under the proposed CBS bid shareholders will receive no compensation for their shares being taken over.
CBS will have to clear the Foreign Investment Review Board and face a court ruling to certify the transfer of shares from existing holders to CBS.
The administrators say in their report they expect a court will support the transfer of shares to CBS if it is approved by creditors, given Ten's financial position.
Under the proposed CBS bid shareholders will receive no...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
