GPG now have 50%. Here’s the pertinent info for MMC CONTRARIAN LIMITED (MMA) holders.

From the target statement section 2.7.

• 75% allows GPG to change constitution.
• Can delist if number of shareholders too low.
• 90% is trigger for compulsory acquisition
• 50c Offer open until 6 November
• I’m tempted to move on, despite the substantial discount I’d be giving GPG. For now I’m going hold and wait for 6 November. If the market continues down then I’ll sell if there are better opportunities. It’s a free 100% capital guarantee until the 6th.  
  I could hold. If GPG is willing to pay 50cents then MMA has to worth much more as we know it is. Cash baking plus deferred tax is a starting point for fair value, the enterprise surely has some value and perhaps the value just went with up GPG now holding 50%.

Related posts:

1. See No Evil – MMC Contrarian
2. MMC Contrarian Share Buy Back
3. GPG’s Low Ball Bid for MMC Contrarian