18-02-2011, 11:37 PM
lonewolf Wrote:If the listing manual requires an individual or an entity to make a general mandatory offer if they acquired more than 30% (??) of a company, how is it that we see many companies with individuals/entities controlling a substantial stake in the company without triggering the GMO.
The GO is triggered in 2 ways:
1. From below 30%, hit 30%.
2. Above 30%, increase by more than 1% within 6 months.
See the Listing Manual for details.