Originally Posted by
runway30
Racedo, you might have missed that they have gone for a scheme of arrangement. If approved by the Court, there is a threshold of 75% rather 90% which if passed allows you to compulsorily to acquire the minority
If I owned 10.1% I would object to the scheme of arrangement as it is an attempt to get around normal Stock Exchange rules. Stock Exchange may also become an interested party with anybody taking a legal case. In reality only people that will benefit from this are Lawyers.