company law for plcs state
that if he's buying more that 30%, he needs to have funds for - and offer for - all 100% of shares.
It's the same thing that happened in the Glaziers taking over Manure.
it doesn't mean he will end up with 100% - just that he has to offer for them all. Only if he hits 90% can he get the final 10% via compulsory purchases.
Posted By: fleckmatic on July 1st 2008 at 09:30:46
Message Thread
- Fuck it, make it 60 (n/m) (NCFC) - Yellow Ice, Jul 1, 09:08:49
- They are basing it on (NCFC) - Mr Creosote, Jul 1, 09:27:27
- They are basing it on 100% of the shares though. Shirley he only needs 51% ? (n/m) (NCFC) - Steve in Holland, Jul 1, 09:16:32
- company law for plcs state (NCFC) - fleckmatic, Jul 1, 09:30:46
- I doubt funds is an issue to a billionaire. He still doesn't have to pay the 100% though (n/m) (NCFC) - Steve in Holland, Jul 1, 10:17:38
- company law for plcs state (NCFC) - fleckmatic, Jul 1, 09:30:46
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