(17-01-2013, 10:55 AM)guru Wrote: If Wheelock throwing in the towel, appears that SC is a bao-jiak now for SC. Seems like he'll try and take it private asap. But for S/H who has not accepted the offer, I'm wondering what are the exit routes now.There is no other route. SC will use the companies act to acquire the share mandatorily. He cannot allow any foreigners from holding the share.
So, for those who are still holding the share, it is time to throw towels.
Even if you refuse to throw, the companies act will throw it automatically for you at much later date.