anthony09, apparently Ansteel is not voting on the acquisition...

anthony09, apparently Ansteel is not voting on the acquisition so the vote from the top 20 for the acquisition would be approx. 24%. So even if they all vote 'for' another 26% must come from the non-top 20.
also even if the vote goes through (given regulations are little known to have managed to identify market manipulated deals) It is up to the FIRB to see what is in stake for Australia. I suppose if they are happy to sell the nation to the Chinese, then who are we to intervene?