It would certainly help and make the deal a fraction more attractive given the expense of processing OS held shares. However, given that more than 50% of the company is held by the top 20, maybe Entree sees the non-listing in Australia as a way of shaking out all the small holders - there is some sense in this.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.