MRE - Minara Resources

danbradster · 4 October 2011

McNovice said:
So is everyone getting out of this one? I am reading that if Glencore acquire more than 90% they can force you to sell if you have not already. My average price is still a bit higher than whats on offer so I am not so keen to sell, I guess I am hoping or dreaming that if Glencore take over they have plans, if not why take over? and also how likely is that they get the percentage power they need in order to make you sell"?

http://www.foxbusiness.com/industri...70-cents-7-cents-vs-glencores-87-cents-offer/

They need like 93% to do a forced takeover. 90% minimum, or 75% of the shares available for takeover, whichever is higher. I think they had 72% before the offer so they need to get 75% of the remaining 28%, a total of 93%.

I have already sold out.

MRE - Minara Resources

danbradster

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