Condor Gold Takeover Rumours (CNR)

Is it not going to be a contractual offer though, needing 90%? hxxps://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/europe-middle-east-and-africa/united-kingdom/topics/effecting-a-takeover

“Am I right on this percentage for a plc takeover or is it 75%?”—————-Sir Andrew That’s unfortunately not correct! The 75% is only in certain arrangements. For example if it is management buyout or a majority shareholder taking over the company. Then 75% of the votes need to be in favour! In CNR/MTL merger, we simply need a basic majority (so 50.1% of the vote will be good enough to get it over the line).

Albeit we have some latecomers to the party (entry level price wise), I do not believe for one moment that many of the longstanding big hitters here will vote in favour of what MTL have tabled or are about to table based on yesterdays RNS. It needs to be more. Even if the BoD recommended what is on offer (I don't think they will), whatever Galloway does will not swing this. I'm assuming they need 90% shareholder support (they'll come nowhere near) - am I right on this percentage for a plc takeover or is it 75%? Right now I'm against MTL, not them as a company, I like them, I'm against their present offer. Thoughts