James Hay ramps up Nucleus bid by changing takeover strategy
Placed votes 28 March
A takeover offer is a proposal made by the bidding company to the shareholders of the target company and Nucleus directors have consented to the switch, believing it will allow all shareholders to benefit from the takeover offer.
James Hay is set to acquire Nucleus by way of a recommended takeover offer, as opposed to its original plan of using a scheme of arrangement, in order to increase its chance of snapping up the rival platform.
A takeover offer is a proposal made by the bidding company to target all of the shareholders of the company, while a scheme of arrangement, James Hay's original method of approach, has the target company...
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