it depends
We would need directors to recommend to reject the take over, and present the EGM at the same time as a rational why.
the resolution provided them with an option to get their shares to 10c, and 5-6c divs? or accept the takeover 4-5c.
If its presented at the same time, surely they would tick what better for them.
baragatan-1 well to be re-spudded nido petrole, page-178
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