Post by
HoldYourStocks on Apr 04, 2024 1:54pm
Can the 40% have taken reservations for higher bids?
0.286 Canadian dollars per share. Give me a break. This is another disgraceful deal made by Mr. Young on behalf of the AR shareholders.
https://www.argonautgold.com/English/news-and-events/news-releases/news-release-details/2024/Alamos-and-Argonaut-Close-Previously-Announced-Private-Placement/default.aspx
I have 2 questions:
1) Where I live the acquiring company has to have 80% of the shares (vores on their side) to force the current shareholders to sell. How is it in Canada?
2) Can the two big shareholders with the 40% of the shares that backs the Alamos offer have taken reservations for a higher offer, so that they are entitled to sell to another bidder than Alamos, if that other company bids higher than Alamos?