GREY:HRIVF - Post by User
Post by
topoftheridgeon Oct 13, 2010 6:31pm
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Post# 17561193
90%
90%anyone think Severstal is going for 90% ownership?
I googled 90% ownership and found this in an old article
"In passing the 90% ownership threshold, Sears Holdings has the right to acquire the remaining 10% under the Canada Business Corporations Act"
thus once 90% is bought they could force a buyout at any price.
i know someone posted about the 90% rule earlier, and I believe it would take them another 150 million shares to reach that level. is my math correct?
is this something we should be concerned about?