Pear
By the STO releases it is to be done via a Scheme of Arrangement. The rules here are different to a takeover, where all documents are realeasd and shareholders vote yes or no to the deal. It is a black or white outcome, with no middle ground.
The scheme reqires a lot of work from the target company and therefore needs an agreement prior to proceeding. That is what is being discussed now.
If they are successful, the outcome is the same, I.e. they get to own all the shares. If shareholders vote against the deal, they get nothing. Central Petroleum went through a similar process last year, which was voted down. The strength is in the hands of the shareholders.
Plenty of stuff to read to get up to speed on this.
AL
Pear By the STO releases it is to be done via a Scheme of...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104139 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
