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05/09/17
22:30
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Originally posted by retrac
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You are on the money there fvolvo.
I think that the company is saying in the quarterly that the Euro options expiry date could not be simply brought forward in their present state in the event of a takeover. There would be an obligation to continue the options by any company taking over KDR as the ASX would not allow them to be come null void in a change of control. Options can not simply be made worthless prior to expiry.
So it then comes down to the suitor and what they propose with the options and this is where KDR is reluctant to enter into hypotheticals imo.
Personally I feel that they would possibly offer to buy out the options at intrinsic value if it was a cash offer or offer script at a rate 15c less than the takeover price for the heads.
Don't think there will be a takeover now anyway?? as deal to be signed soon but just a guess...
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At the end of the day its all out risk , a takeover would be good for everyone , I would like more time to buy more but could part with a few for 99c 101c 330mill pre oppies