Jump to content



Recommended Posts

In reply to: tuapui on Thursday 26/06/08 04:00pm

Yes i believe that if they reach the 90% mark then they have the rights to acquire your shares regardless if you accepted the offer or not. But dont worry as i doubt it will happen.


Feel free to correct me if i'm wrong!

Link to comment
Share on other sites

  • Replies 1.3k
  • Created
  • Last Reply

Top Posters In This Topic

In reply to: rubba81 on Sunday 06/07/08 03:46pm

If they have 60% acceptance they will most likely get there in the end no matter what.


The best chance of getting a better price is for someone to launch a better offer and start a bidding war(hopefully).


If the bid did lapse the price may not get back to 32 for some time.


I accepted the bid, since it seems my best chance of getting my small profits back in the bank in the quickest possible time, with the best chance of eliciting a bidding war, if someone else is waiting in the wings to see if it might get up at these prices (which I admit to thinking are low and opportunistic and in poor form considering the bidder's relationship to the target - but that's par for the course it seems these days)


All opinions are simply my ill-informed ruminations.

Link to comment
Share on other sites

  • 1 month later...

Thanks for letting me know David!


Which State are you from and also did it come as a check?


I'll probably give it another week and then start making inquiries. Who should i contact?


Cheers http://www.sharescene.com/html/emoticons/smile.gif

Link to comment
Share on other sites

In reply to: rubba81 on Monday 25/08/08 12:46am

as I see it, clause 3.8 in the target's statement, you should get the cheque at least within one month of the bid becoming unconditional. There is a shareholder helpline on 1300 728 209 (assuming that is still open at this stage) . The cheque came with a covering letter from Cristal Australia Pty Ltd signed by Dr Stephen Ward - Director, but no direct phone number, registry is Computershare on 1300 763 914

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...