RE: RE: RE: Tianqi ups Talison bid to 7.15 Management may not like it but the board will have no choice but to recommend it. It is a cash offer and is clearly "superior". In "absense of a superior offer" being the key wording in the ROC recommendation.
"The scheme requires the approval of 75 per cent of the shareholders by value and 50 per cent by number of those who vote"
Tianqi now controlls 16% +.
If it comes down to a vote I know which way I would go.
The question is will ROC step up. Because Tianqi see this as strategic to their business I would expect them to be prepared to pay much more. If ROC belives this they may give up and not get into a bidding war.
This is about being able to dominate the worlds lithium supply and is very important to the future of both the renewable energy and lithium mining sectors. Interesting that something this important is being largely overlooked by the press.
GLTA