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Advised by the board not to accept a mandatory offer that undervalued the business, they were reluctant to sell.
Big Idea: Make kindergarten mandatory; offer loans to help middle-class parents pay for day care Memorable Phrase: "We are not a big city.
April 2007 Porsche makes mandatory offer for VW after it surpasses 30% stake in VW, a move required by German law, but does not buy any more shares.
But first, Volkswagen increased its holdings in MAN to 30.47 percent from 29.9 percent, which under German takeover law required it to make a mandatory offer for the remaining MAN shares it did not own.
Mr. Mok said the Fortune Oil group would consider increasing its stake in the company but aimed to keep it below the 30 percent threshold that would activate a requirement to make a mandatory offer for the remaining shares.
Finally Rank rose 2.8p to 151.6p after Friday's 150p a share mandatory offer from Malaysian-controlled Guoco, which took its stake to 40.8% by buying an 11.6% shareholding from Genting.
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Making carbon reporting mandatory offers businesses a great opportunity to save energy and money.
Leaving Guoco with 40.8% of the Rank shares, the stake sale triggered a mandatory takeover offer for remaining Rank shares, at the same price offered to Genting, under Takeover Panel rules.
Centro made its bid last week, when it bought 19.9percentt of AMP Shopping Center, triggering a mandatory takeover offer.
In hopes of gathering as much information as possible, some companies make engagement surveys mandatory or offer incentives for participation.
If successful, the bid would also trigger a requirement that Heineken makes a mandatory buyout offer to remaining shareholders of the Asian brewer.
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CEO of Professional Science Editing for Scientists @ prosciediting.com