Penny dropped!16 Nov 2005 14:28
DGM. I see your point. it is not the Company that gets taken over it is only the shares get bought up, the Company/Business remains exactly the same. It just has a different set of Members/Shareholders. These new members can decide, with shareholder approval, within the rules laid down for PLCs, which direction the Company takes either continue with PLC or Private status but that is after the shares have changed hands.