RE:When does a major shareholder have to make an offer?nizza wrote:
As far as I know, since 2002 at least in Germany it has been regulated that a major shareholder who
has reached more than 30% of the shares must make a public offer to all other shareholders. I think
there is a similar regulation in Canadian law. It is probably higher than the 34% that must now be
reached. Perhaps someone from there can do a quick research and report back.
I once owned a TSX penny stock where a company bought the majority of the shares then took the company private and paid .001 per share to the outstanding shareholders.
We have no large shareholders ro fight this selloff other than Fortescue and the Peru pension funds.
Looks like the Fortescue plan.