tag:blogger.com,1999:blog-9317825.post113375965272853463..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: Hostile takeover?bankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9317825.post-1133851584453466902005-12-06T09:46:00.000+03:002005-12-06T09:46:00.000+03:00kuoasan: Most companies on the NSE appear to have ...kuoasan: Most companies on the NSE appear to have owners who control +70% of company shares, if not outright - thru related companies.bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1133802516718423282005-12-05T20:08:00.000+03:002005-12-05T20:08:00.000+03:00This is NOT a hostile takeover. I will address the...This is NOT a hostile takeover. I will address the issue in my bold later.<BR/><BR/>www.coldtusker.blogspot.com<BR/><BR/>The management & larger shareholders have OK'd this takeover. <BR/><BR/>NSE does not have an arbitrage market instead the NSE suspended the trading!<BR/><BR/>If the price offered is high enough then BOC can get the 80%.<BR/><BR/>The problem is that it needs approval of various shareholders who are non-residents thus harder to get their consent. BOC should request for more time.<BR/><BR/>Buying 51% is effective control as well as letting BOC consolidate the Carbacid results. The 80% means that BOC has overwhelming support of the Carbacid shareholders thus BOC can tell the CMA that the 20% are either not available e.g. dead, shares in trust, owner doesn't care, time-barred, etc.<BR/><BR/>I think 80% is a tough barrier coz of logistics thus BOC should have more time.Anonymousnoreply@blogger.com