Roeder to go and Sidwell to join?

[indi]

why would someone wanting to take over and being able to get 70% of the shares be put off buy shepherd 29% ?

 

Because they couldn't de-list the company for one thing and 29% is a significant holding, they couldn't just ignore his wishes, even if they owned the rest of the shares. Also if there are other minority shareholders who didn't want to sell they wouldn't be able to do a compulsory purchase on their shares, because they wouldn't have reached the required percentage, so in actual fact they'd be unlikely to be able to secure all the other shares and therefore their percentage would probably end up even lower than 71%.