http://www.cse.lk/cmt/upload_cse_announcements/6051368183350_.pdf
Last edited by sriranga on Tue May 28, 2013 4:30 pm; edited 2 times in total
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Last edited by sriranga on Tue May 28, 2013 4:30 pm; edited 2 times in total
hariesha wrote:In short, if a party acquired 30% or more in a listed company, that party should make a mandatory offer for the remaining shareholders.
It's mandatory to the party who acquired the shares to make an offer. But the other shareholders have the freedom to accept it or to ignore it.
Share price will be determined by the market forces. It can go up or down. But till the mandatory offer expires you have nothing to worry. Even if the share price dropped, you can recover your investment by accepting the offer. But once the offer expired, share price will be determined only by the market forces. Can either go up or down.
May be this is a dumb question,slstock wrote:Was wondering when this offer was to come as CERA was dipping to Rs 115 ;-)
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