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smartbomb

8 Posts.

05/12/18

13:48

Post #: 36758709
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Originally posted by panasda1: ↑

Can anyone help me. If a company takeover has reached the 90 percent shareholding and therefore can compulsory acquire the remaining shares. If the offer period of acceptance has finished and was not extended, what price do you get for your shares that are compulsory acquired. If the take over offer was say $1 and current share price is 85 cents, do I get the $1 price that the 90 percent who accepted the offer received while the offer was open? Thank you.

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You get the final takeover price, which in your example is $1.

GXL Price at posting: $5.41 Sentiment: Hold Disclosure: Held
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