Hey guys,
First off, thanks to JQ for posting that. I do have a couple questions in regards to takeovers, as I've never been involved in one to know how it works.
Aren't there a few ways that a company can get taken over ie. in regards to the type of bid made. I've heard that there can be an unsolicited takeover bid (hostile), where the company wanting to takeover wouldn't consult with the management of the company it wants to takeover, and would just present it directly to their shareholders...ie. TLM would just take it right to us QEC shareholders. In those cases I believe the company has the right to solicit other bids, is this correct? And of course I'm sure there is one where TLM would take it directly to QEC management.
In either case, what type of vote percentage would pass the bid etc? I just wanted to know the little details like that.
If anyone has any little information on this, I'd appreciate it, being that it could well be the case one day.
Thanks guys! Sorry I haven't been on here much, but I am reading it all. Like many, I'm long on QEC so I'm just waiting like everyone else for it to realize it's potential.
Stay cool! lol:)
Rocco