Myerson Snr18 Sep 2013 17:52
Can Myerson Snr through Principal stop a reverse takeover?
What percentage of shares are required to stop a reverse takeover?
In other words, what percentage needs to accept the offer?
With Capital at 25.42% they do not have enough to stop it I assume.
With Teeling at 29.98%, PIs and other share holders like Henderson Global investors, a good offer around 0.80p should be enough for all other investors to accept.
An offer around £1,400,000 should be enough to accept a £100 million tax savings shouldn't it?