Forum Archive Index - January 2002

[mills@chem.canterbury.ac.nz]

Q's

Let's assume that Danone do no get to the 90% or even 50% level at a few
days out prior to 18 Jan.  Also assume that Danone would be happy to
accept the position as a majority shareholder at this stage.

What's to stop them buying up to the required balance of shares to bring
them over 50% (11+% as of their SSH) on market just a couple of days
proir to Jan 18, timing it so that a SSH would not need to be filed
before 18 Jan?

Think of all the people who would bail at a couple of cents over $2.35?

regards MB
(hold FRU)


> Shaun
>  
> My understanding is that if Danone decides to waive the 90% condition, they 
>would have to take all acceptances from current shareholders - they could not 
>choose to
> accept some and not others.  In your example then, they would have to take 
>80% and could not scale it back to just 51%.
>  
> Regards, Phil
> (Hold FRU)
>

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