""(For a scheme to succeed and in order to obtain 100% of the target, a bidder needs a majority of the shareholders by number present and voting at a general meeting, who represent 75% by value of the shares present and voting, to approve the scheme.
Although the 75% required could be hard to achieve, that rule above may come against us. Hence why, IMHO, the Management and the Board chose the option of the Scheme of Arrangement knowing full well that they wouldn't stand a chance in hell if they were going for the Takeover.
Buddy
AOE Price at posting:
$4.83 Sentiment: Buy Disclosure: Held
