RE: Take over16 Aug 2022 00:48
a few options here;
1. Offer is accepted by required % of shareholders
2. Offer is rejected by a big enough percentage of shareholders, may be a subsequent improved offer or offer is pulled completely
3. Third party enters the bidding
4. A problem with regulators with the sale process, refused higher bids, current bidder offer more only recently etc
I should imagine the large shareholders have already been approached, so now its down to all the smaller investors to make there own determination as to which they think will happen.
This whole process stinks to high heaven, but small cap companies have very little power in the current environment