Australian (ASX) Stock Market Forum

19.9% - what is this magic figure?

Jump to new
L

lolaba

Joined
19 February 2008
Posts
7
Reactions
0
Could someone please explain the significance of a trader buying 19.9% shares in a company? Saw this in Polaris thread this morning.
 
lolaba said:
Could someone please explain the significance of a trader buying 19.9% shares in a company? Saw this in Polaris thread this morning.
Click to expand...
Any more than this and you have to launch a takeover I believe.
 
lolaba said:
Could someone please explain the significance of a trader buying 19.9% shares in a company? Saw this in Polaris thread this morning.
Click to expand...

20% or more you have to state your intension on the company..ie
make a formal bid or get under 20%
 

Similar threads

System
NXN - Nexsen Limited
Replies
1
Views
217
Dona Ferentes
Dona Ferentes
Joe Blow
September 2025 Stock Competition Entries!
8 9 10
Replies
190
Views
10K
Craton
Craton
barney
"Wives wives, kitchen knives" How long/how many times have you been married?!
2
Replies
29
Views
2K
farmerge
farmerge
Joe Blow
  • Locked
  • Sticky
October 2025 Stock Tipping Competition Entry Thread!
2 3
Replies
46
Views
2K
farmerge
farmerge
farmerge
Stock Trading
Replies
2
Views
825
eskys
E
Top