RE: Cenkos27 Jun 2018 07:12
bidder under a takeover bid11 may compulsorily acquire any remaining securities in the bid class if during, or at the end of, the offer period, the bidder and their associates have:
relevant interests in at least 90% (by number) of the securities in the bid class and
acquired at least 75% (by number) of the securities that the bidder offered to acquire under the bid.
Bit heavy this part for this time in the morning but is this the passage that means vsi is a defensive holding?