summary

Ok guys, just a quick summary for those with NFI.

If PDN get over 90% acceptances, there will be script for script meaning you wont pay tax until you sell the PDN shares. (I cant clearly remember but I think if they get less than 90% there is no script for script as they cannot compulsorily acquire the company and it will remain separate - not merged but also probably not listed)

Also if they get over 90% acceptances, the remaining shares will be compulsorily acquired. This means that you have no choice once it hits 90%, however it may take up to a month to issue the shares so if it gets to 90%, those who dont accept the offer may have to wait a few weeks before they have them allocated and can trade them etc.

This is not financial advice, just the ramblings of an old man with no money and a respectable amount of experience, training and education.