Ncm

[mcdongle]

Hasnt the NCM board backed the takeover from Newmont?

[Aaron]

Hasnt the NCM board backed the takeover from Newmont?

That is what the headlines said, but I did not receive anything about it, although ASB securities does not always forward everything. They rejected the first offer and have allowed a period of due diligence for Newmont as far as I can understand. I guess when due diligence is complete we get an offer.

Big institutions tend to go with the directors recommendation so it is likely to succeed, where does that leave me? I know in NZ once they have over 90% they can compulsorily acquire the remaining shares, but no idea about Australia's rules. Pretty sure my holdings are less than 10%.

Shame to get bought out just when things are looking up according to mistymountain.