Originally Posted by
runway30
75% of shareholders have to accept for the deal to go through. Andrew Tinkler is sitting on 10%. Assuming that he has paid more than 1p per share, he needs to get 25% to be certain of not losing money. If he succeeds in buying a blocking stake, is he going to force his way in to the deal?
In a Stockmarket takeover you need 50.00001% to have won control. When you have 90% of the shareholding you can cancel the Stockmarket listing and acquire the rest of the shares and sent a cheque to the owners of said shares at the value of the offer. This happened with Glazer takeover at Manchester United among many that have taken place.
One you have 50% you can appoint the board and everybody else.