Quote Originally Posted by CJ View Post
Interesting isn't it. If they buy more than 20%, they have to do a takeover offer for at least 50% dont they. Or we could see Infratil and Todds splitting the amount being offloaded so as not to trigger a takeover?
So IFT is buying 19.9%.

All 37% is being sold at $3.58 which is a 8.5% premium to the 30 day VWAP but below the current MV.

Will be interesting to see who takes up the other 17% - assume it will just be insto's.

https://www.nzx.com/companies/IFT/announcements/242862