PPRuNe Forums - View Single Post - APA Bid fails to get 50% (Merged)

4th May 2007, 22:29

#49 (permalink)

fantasyland

Join Date: Mar 2007

Location: Australia

Posts: 16

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The Takeovers Panel just has to ask APA one simple question:

Did you have 50% or more by 7pm last night?

Yes = 2 week extension

No = the bid is failed, return the shares (and probably start afresh)

end of story