Posts: 83
Threads: 1
Joined: Oct 2010
Reputation:
1
Hi All,
Recently, there are quite a stocks get delisted. However, there is a few nature of offers. They are :
1) Voluntary delisting
2) Mandatory conditional
3) Voluntary unconditional
4) Mandatory unconditional
Do anyone help me to understand what is the difference nature as stated above?
Thanks in advance.
Posts: 650
Threads: 11
Joined: Dec 2010
Reputation:
7
My brief understanding:
1) Voluntary delisting - offered by a substantial shareholder to take the company private
2) Mandatory conditional - takeover offer from a 3rd party, usually on crossing the 30% treshold that trigger the GO. However, the offer is conditional on a certain level being obtained by the offeror by the closing date. If the level is not obtained, all shares tendered will be void and returned to the original owner.
3) Volunrtary unconditional - offered by a substantial shareholder, usually just to increase his stake in the company.
4) Mandatory unconditional - related to #2. Once the conditional level is reached, the offer is declared unconditional.
Posts: 3,825
Threads: 5
Joined: Mar 2011
Reputation:
14
01-10-2012, 11:15 PM
(This post was last modified: 01-10-2012, 11:16 PM by Curiousparty.)
What about the delisting of debt-ridden S-chips (e.g. Ferrochina)?
How to capitalize from this type of delisting of companies?
(01-10-2012, 09:10 PM)lonewolf Wrote: My brief understanding:
1) Voluntary delisting - offered by a substantial shareholder to take the company private
2) Mandatory conditional - takeover offer from a 3rd party, usually on crossing the 30% treshold that trigger the GO. However, the offer is conditional on a certain level being obtained by the offeror by the closing date. If the level is not obtained, all shares tendered will be void and returned to the original owner.
3) Volunrtary unconditional - offered by a substantial shareholder, usually just to increase his stake in the company.
4) Mandatory unconditional - related to #2. Once the conditional level is reached, the offer is declared unconditional.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Posts: 730
Threads: 27
Joined: Sep 2010
Reputation:
8
There is another delisting that is mandatory if majority shareholder has above 90%. What is it called?
Homepage
PR Newswire
