Forum Archive Index - November 2001

["Colin Ross" <ceejaynz@xtra.co.nz>]

Jerrold, this relates to my earlier posting about CEN.
Some years ago, when I belonged to a share-club, we got locked out of a
company that was effectively taken over by some off-shore interests.
As the club was not very nimble ( and we were all pretty naive) we missed
the cut, the taken-over company did as they pleased, and we were left
lamenting..
>From Memory, the Company  revolved around the Auckland Hyatt Hotel ??
Perhaps shareholders have more protection under the new rules ? Perhaps
not..

Ceejay


----- Original Message -----
From: jerrold poh <jerm@musician.org>
To: <sharechat@sharechat.co.nz>
Sent: Friday, November 23, 2001 4:24 PM
Subject: [sharechat] Danone Offer


> Sorry for the newbie question, but was wondering what happens when the
> Danone expires, and 90% of the shareholder's haven't accepted the offer?
> Do we still get FRU listed on the exchange, except that Danone now own
> part of FRU?
>
> Also, what happens if the 90% threshold is passed, and I still haven't
> sold my FRU shares, and FRU get's delisted?  Does that mean I loose my
> money, or will I get a cheque in the mail?
>
>
> Jerrold.
>
>
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