ricky2tricky4city
Andy Thompson
I think if the acquirer is buying a big enough stake (can't remember the percentage) ...they can 'squeeze out' the minority shareholder and force those shsrehooders to sell their shares at the offer price. I might be corrected in this.It's up to the board to hear negotiations for a full sale? They can do a deal to sell their own shares but not the club as a whole. That deal would have to be presented to all shareholders by the board then voted on by the shareholders. As with cain hoy.
Or have i got that wrong?
I don't think just ENIC shares would be at a level to enact this. Maybe not even ENIC + Levy shares