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Re: sts66 post# 247631

Sunday, 02/23/2020 3:55:12 PM

Sunday, February 23, 2020 3:55:12 PM

Post# of 430557
Yes
Once they exceed 30% they must make offer to all shareholders at the highest price they paid within the last 12 months. They must buy as much as they are offered at that price...once they get over 90% they can acquire the remaining. But some acquiring will be happy to get over 50% as they then have a majority holding. The one thing BB will not want is to hold 10% as a minority shareholder. BB have clout but not veto.
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