RE: More Woodford28 Sep 2018 12:52
They have to make a mandatory offer for takeover when they hit 30%, but I think they can pretty much choose the level of the offer. I need to read through 9.1 of the takeover legislation properly but it reads like they could just offer 0.0000001 to mean they have no chance of taking over, and I guess continue to build to above 30%.
On a footnote, I don't think Woodford will be "done" yet. Why stop at 29% when you can get 29.99%