Stock Market Takover rules

[Durham Fox]

Does anyone know the percentage share holdings a company needs to acquire to force a sale of a listed company?

 

[Willlow]

Isnt it 71% or something?

 

[bocadillo]

Does anyone know the percentage share holdings a company needs to acquire to force a sale of a listed company?

75%

If the buyer has acquired 90%, the remaining shareholders can require the purchase of their shares at the offer price.

 

[Real Sharapova]

75%

If the buyer has acquired 90%, the remaining shareholders can require the purchase of their shares at the offer price.

In fact as soon as 90% is reached, the purchasor can buy out the remaining 10% at the offer price, whether they like it or not.

 

[bocadillo]

In fact as soon as 90% is reached, the purchasor can buy out the remaining 10% at the offer price, whether they like it or not.

whoooops! That's what I meant. I can't believe that I wrote what I did.