RE: Grow Up25 Feb 2024 14:09
“ does the 79p figure apply when it's simple bid, rather than a crossing of the 30% threshold?”
i’m not 100% sure, i think it only applies to rule 9 takeover when a bid is mandatory, then the lowest bid must be the highest price paid in the last 12 months.
if the bidder is below 30% they may be able to bid what they like, looking at what happened with curries recently. of course it would be unwise to take the **** if you really want the company and have the bid accepted by the bod