Takeovers

[Profitseeker]

Hi,

What is the limit on the amount of shares a company can acquire before they have to announce that they are making a takeover bid?

 

[ghotib]

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19%

I'm pretty sure.

Why?

Ghoti

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[Profitseeker]

Thanks.

Because two companies bought an equal amount of shares and obtainned an equal amount of voting power yesterday (8.24% each) in BUY which has entered into a trading halt today.

 

[Smurf1976]

Is there anywhere that has a list of all ASX listed companies currently subject to a takeover offer?