The compulsory purchase of residual syndicate capacity by a member, or group of members, holding 90 per cent or more of the syndicate capacity after a mandatory offer. See MAJOR SYNDICATE TRANSACTION.
The Rantings of the barely human.
The compulsory purchase of residual syndicate capacity by a member, or group of members, holding 90 per cent or more of the syndicate capacity after a mandatory offer. See MAJOR SYNDICATE TRANSACTION.