couldn't a friendly be buying on market happy to pick up the half cent arbitrage ?
I presume SOL can buy on market at 26.5c or below but they would have had to lodge a change of sub holder notice if they have picked up more than 3.6m shares.
or does the 90% acceptance precondition exclude them from buying ? they obviously had substantial buy orders at 19c in the que when the offer was 19c with no pre condition.
large bidder 26c, page-3
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