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Off market takeover offer

Discussion in 'Shares' started by Brengun, 23rd Jul, 2007.

  1. Brengun

    Brengun Active Member

    Joined:
    13th Jul, 2007
    Posts:
    32
    Location:
    Lowood, Qld
    I have received an off market takeover offer from Prime Media Broadcasting to buy my Becker shares. What if I don't wish to sell?
    In the event of an eventual takeover, will my shares still have value? I don't HAVE to sell do I?
     
  2. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    I know nothing about Prime Media Broadcasting, but often you will get off-market takeover offers from people who get your details from the company's share registry.

    They offer way below market value in the hope that those who aren't the sharpest sell to them. You don't have to sell in these circumstances.
     
  3. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Glebe's warning is a timely one...but I'm fairly sure it's not one of those bottom feeding scum preying on the elderly and misinformed here (not that Brenda is either of those things of course!).

    From memory there is a battle going on with prime looking like winning out over a consortium involving mel gibson...or that's my vague recollection.

    Brengun :D of course you don't have to sell unless they get to 90% and then they can compulsorily acquire you.

    Cheers
    N
     
  4. Brengun

    Brengun Active Member

    Joined:
    13th Jul, 2007
    Posts:
    32
    Location:
    Lowood, Qld
    If it got to the compulsory stage, would that mean I don't have to pay tax on any profit/loss? Looking for a silver lining.;)
     
  5. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    No silver lining there on a cash offer....cash/shares does change that.