RE:RE:RE:RE:Exclusivity Agreement Explained Can you show the calculations here? My understanding is there are 198.23M shares outstanding; A 15% stake would be just over 29.7M shares. I'm not seeing how this group of underwriters has 15%.
I'm no expert on M&A law, but I believe there is a clause in the rights agreement that says the published agreement is the entire agreement, and only by mutual written agreement may new or changed provisions be made. That seems to preclude a secret, separate exclusivity agreement. Perhaps someone with more experience can comment, but I'm with Sooner on this - exclusivity wasn't part of the Rio & MM deals. (Except where MM has a time-limited right of first offtake)