They only need a majority of share holders to approve the deal. With the current offer being above current share price i think the majority will no doubt vote in favour of the deal. But you never know there could be other offers for the company from other companies. So could get better offers.
Can anybody explain it to me, please: · The Board has agreed with AGR Energy that the Company intends to undertake a share buyback by way of a tender offer to all Shareholders within six months following completion of the Subscription, at a price of 1.64 pence per Ordinary Share, as described below. It is intended that £10,000,000 will be available for the Tender Offer.
what meaning here *Tender* has? And what if there will be more sp from people to offer than £10mln? Will the price offered go down due to high volume of offered to tender shares??
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