Post by
Crackers on Jul 27, 2021 12:25pm
What does this all mean?
Hold or not....or wait for more info to come?
Comment by
wheelsonthebuss on Jul 27, 2021 12:48pm
The offer is conditional on acceptance by more than 50 per cent of the Noront common shares, excluding a small stake that BHP already owns.
Comment by
DoctorAuric on Jul 27, 2021 1:16pm
this is the new floor there is no pain in holding
Comment by
Crackers on Jul 27, 2021 8:58pm
So does this mean we get bought out regardless at whatever the accepted offer is PPS, or will the shares be converted to the new company......the fact that Noront are recommending shareholders accept the offer makes me think it is the first point, but at the same time also makes me think there will be a vote?
Comment by
Patentpending1 on Jul 27, 2021 9:24pm
My guess why Noront wants to accept the offer is cause their valuation that is/was due in 3 days was within or under the 55 cent offer? Wheather Wyloo got BHP sucked in or not is nobody's guess or anybody's guess!! Does seem like Noront is going Bye bye one way or another. My next guess is no bidding war. The end is near(my opinion).