Ineos Styrolution delisting Failure to have bearing on other ongoing delistings

This was the first time, provision of counter-offer was used by any promoter under the Delisting Regulations, which allows the promoter to offer a revised offer to the shareholders - lower than the discovered price. The regulations permit the promoter to walk away if the price discovered through the Reverse Book Build process is higher than Promoter expectations.

from Energy-Industry-Economic Times https://ift.tt/3eYPG5X