PPH - PushPay (Church/donor software.)

[nztx]

Doesn’t matter though right? Only 6.2%

depends how many friends they can collar into the huddle of similar thought

Wonder what sort of additional increment would assist in helping change their mind ?

In the meantime the fat lady might get to spit out a few new numbers while
gliding along the top of the piano & dodging the donation boxes

[winner69]

Nikko say they goingbto vote NO as well …1.3% ….NBR

[blackcap]

Remember sections 110 and 111 of the companies Act to all minority holders. If you hold out, you may get more. Not that difficult a process to complete either.

[nztx]

https://www.nzherald.co.nz/business/...MCJCOKVHTEZ64/


ANZ, ACC and Nikko to reject church donation company Pushpay takeover offer



(Sorry folks - NZH Premium cover needed to view the nuts and bolts)

That's another 2.7% in the No side

Egg on the face of the PPH board which said it was attractive ?

Out with the cheque book, more needed to sweeten the bottom of the rangel offer - Sixth Street and BGH Capital

More needed in the Giving bowl


The fat lady is busy practicing her new numbers for the next piano performance

[Wiremu]

Remember sections 110 and 111 of the Companies Act to all minority holders. If you hold out, you may get more. Not that difficult a process to complete either.

Unfortunately it's the fineprint in the Act that makes sections 110 & 111 unhelpful. the Act requires the company to offer a fair and reasonable price as at the close of business on the day before the resolution was passed. That will inevitably be less than the offer price that is being made, however low.

[blackcap]

Unfortunately it's the fineprint in the Act that makes sections 110 & 111 unhelpful. the Act requires the company to offer a fair and reasonable price as at the close of business on the day before the resolution was passed. That will inevitably be less than the offer price that is being made, however low.

Possibly, but I think shareholders who hold out will be able to get midpoint on the Samuels range if they object and get into an arbitration situation. Whatever the outcome shareholders will get at least the $1.34 that others get, possibly more.

[FTG]

The faint smell of an arbitrage opportunity starting to strengthen, me wonders....

Jungle drums seem to be starting to make a little more noise. Within next 7 Business Days, a 'twist' to the plot may be revealed'?

[JSwan]

What are the chances that the offer gets withdrawn as a result of the NO vote exceeding 25%?

[blackcap]

What are the chances that the offer gets withdrawn as a result of the NO vote exceeding 25%?

In my opinion, quite high now. Because of the shares that vote 75% have to vote in the affirmative. So you don't even need 25% of shareholders to vote no. And 20% of shares cannot vote...

[Baa_Baa]

In my opinion, quite high now. Because of the shares that vote 75% have to vote in the affirmative. So you don't even need 25% of shareholders to vote no. And 20% of shares cannot vote...

If 20% can't vote and 7.6% (ACC & Nikko) say they will vote against, then one would assume that the takeover has failed, or a revised offer is required.