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Can anyone direct me to where I would find information on the laws regarding take overs.
Off the top of my head it's: if a person/entity takes greater than 19.99% stake in company they must make formal offer for rest of company? (yes/no?)
Also, is there a minimum share holding (%) at which a entity/member can demand a board seat?
At what point can an entity compulsory acquire the rest of the shares on issue?
TIA
L
Off the top of my head it's: if a person/entity takes greater than 19.99% stake in company they must make formal offer for rest of company? (yes/no?)
Also, is there a minimum share holding (%) at which a entity/member can demand a board seat?
At what point can an entity compulsory acquire the rest of the shares on issue?
TIA
L
