Hi Huyton121
I have another query for you on takeovers. Do you think that the way this offer has been structured is legal under the take over rules?
I have just read the Summary of the Takeover Provisions and one sentence stands out.
All offers made under an off-market bid must be the same.
Given that we cannot rollover our shares into the private company, but two share holders can, is the PROPOSED BID as it stands legal?
Or is that the reason that the private company has been formed and already aquired the shares of the two share holders? Hence the propsed bid does not include them? You will notice that Santos and ASX have not challanged the substantial holders notice.
Appreciate your views.
Pear
Ann: Revised Harbour Energy proposal, page-56
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.72 |
Change
0.000(0.00%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1375 | $7.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.39 | 2116 | 1 |
View Market Depth
| Last trade - 09.38am 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
Day chart unavailable
