Major shareholder of Hayleys has given a mandatory offer to acquire 51%
Why?He is confident to buy hayleys at this price
He knows what's happening at Hayleys
Why Haylesy remained at this level while late entrants have gone faster?...it had no capital
Capital rasing was an issue as major shareholders were unable to contribute
Will they get control?Very unlikely through mandatory offer, but later on from the market at higher price
How the landscape will change after acquisition?Hayleys will raise capital freely.... cash rich major shareholder
They may acquire and grow.... especially hotel sector expantion
Share price may go up..... can doubleits market cap in the near future.... go for rights and splits and share price will go up....