this is what i said in 2018 and have trumpted it all the way to today. also said ift was trying to buy it out on the cheap too. how true
fantastic outcome for ift and tlt shareholders
this sites crap to post on as usual these days , wastes our time
Yes, good outcome I suppose - always hate to see public companies sold. My average buy price was apparently 146 (not sure exactly how that was worked out as my main buys were around 200 in 2019, the original shares were knocked out of trustpower and then there was a capital reconstruction...), anyway about 4x the purchase price over a few years not too shabby. What is going on with this site.
Could the vote at the shareholder meeting stop this takeover?
A scheme of arrangement needs 75% from each interest class to pass. I think Mercury should be in its own interest class because it is part of the buyer consortium as well as a seller. But will Infratil be in its own interest class, or will the Infratil vote just make the rest of the shareholders' votes irrelevent?
I will vote against it regardless, but just wondering if that will be anything more than a symbolic gesture?
Trading halt due to a discussion re a superior scheme arrangement for shareholders than previously advised. Maybe a share offer in IFT for TLT share holders? Been an interesting company to hold.
Always figured there was no point putting your best number forward in that process. Just wait to see what the highest offer is and then up it slightly...
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