RE: Takeover is more likely….11 Sep 2025 10:32
Most PI's don't even bother to vote in AGM's. Though the BOD would likely submit the offer to shareholders as a scheme of arrangement requiring 75% of the submitted votes so they couldn't be taken over by a simple 50.01% majority. Would they be able to secure 75% it depends, but considering most of the larger percentages here are PI's, Lanstead and Avion then it's not easy to just assume any large deal would be accepted. If their are multiple interested parties for instance why would they risk low balling. An offer at the end of the day tends to bring out other offers, particularly considering what is in play according to TM and SG is unique and has a potential market in the billions.