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accesskenya takeover options
pops
#1 Posted : Friday, November 15, 2013 10:58:27 PM
Rank: Member


Joined: 9/13/2006
Posts: 123
hi I opted not to sell my shares in accesskenya takeover by dimension data as the price was too low. now they have sent me a letter to say that unless I go to court to file a case, they will take over my shares by force by mid December. anyone know if they can do this and what my options are? these guys seem to be bullies and crooks!
dunkang
#2 Posted : Saturday, November 16, 2013 6:25:12 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
pops wrote:
hi I opted not to sell my shares in accesskenya takeover by dimension data as the price was too low. now they have sent me a letter to say that unless I go to court to file a case, they will take over my shares by force by mid December. anyone know if they can do this and what my options are? these guys seem to be bullies and crooks!

Boss, firstly, for perfect answers, the topic should have been in the stocks section. Secondly, there is nothing like bullying and thuggery there, its compulsory acquisition, its in the laws of almost all nations.

Finally, you going to court will just cost you money that am well convinced you should be doing something else with, esp. this festivities season.
Receive with simplicity everything that happens to you.” ― Rashi

Angelica _ann
#3 Posted : Saturday, November 16, 2013 11:26:58 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Accept and move on.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
King G
#4 Posted : Saturday, November 16, 2013 3:05:28 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
After they acquired 90% then they have a right to compel you to sell your shares to them; called compulsary acquisition.
Thieves
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