In an official hostile takeover situation (an offer made by a ‘bidder’ to buy everyone’s shares in the target company), he would need to have acquired 90% acceptance of the offer before the remaining 10% are forced to accept the offer.
A scheme of arrangement re-organisation (friendly takeover) of the company is a different ball game and requires only 75% acceptance to proceed.
In this situation the bidder and the directors of the target company will have been in talks before the announcement to agree the price and terms.
In an official hostile takeover situation (an offer made by a...
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
