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Illovo odd lot share offer

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kwagga
Super Contributor
Who thinks this is a pretty lame move from Illovo: "Illovo shareholders are hereby reminded, as per paragraph 1 of the circular dated 22 June, that it is a term of the offers that Illovo shall be entitled to refuse to implement the purchase of Illovo ordinary shares,offers, in respect of any odd-lot holder or specific holder whom the Company reasonably believes has become an odd-lot holder or specific holder in order to take advantage of the offers. Such odd-lot holder or specific holder will have no claim against Illovo arising out of or in connection with such refusal." So, who is going to call Illovo's bluff and hold on to their odd lots to see if they refused the 30.72 price ? I see one hand....
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4 REPLIES 4
SimonPB
Valued Contributor
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PaulC
Super Contributor
ditto. Plus they paying a div as well :)
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kwagga
Super Contributor
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Harathke
Regular Contributor
It was pretty niave by Illovu to think that no one would take advantage of the scheme..
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