I'm a relative newbie.
For ordinary shareholders -- what does the BG takeover mean. Does one have to sell the QGC shares, will the company contact shareholders and "repatriate" shares or does one get shares in another company?
Thanks for the help.
All it means is that BG Group have offered to buy all existing shares in QGC for $5.75, They have placed an on market bid for over $800 million shares.
They only way you can take part is to sell your shares through your regular broker and accept their price of $5.75.
If you don't contact your broker and sell then nothing will happen unless BG get control of 90% of the company,... once BG own 90% of the available shares then can Compulsoryly aquire the remainder if they wish,... If this happen you will get a check in the mail from them and they will take your shares.
What you have to weigh up is weather you believe they will reach the 90% mark, if you believe they will then you may as well sell now and use the money to make money some where else,
If you believe they won't reach 90% and you still wish to hold the shares then do nothing, But keep in mind the risks involved in holding shares in a company where another company has a controling share, Having BG withdraw their bid with them controling 80% may destroy alot of the value due to them being able to control dividend pay outs and the like, they are likly to try and starve any minor share holders out by not paying dividends, and there is the risk that the share price will under perform once their bid is removed