Certainly it can take a while - dates from AOE proposed scheme of arrangement below. Can't see ASIC having any issues, so key dates is the scheme meeting in mid July- if 75% vote in favour, the deal is done.
Demerger and Acquisition announcement 22nd March 2010 Scheme booklets lodged with ASIC for regulatory review mid May 2010 Scheme booklets dispatched to Arrow Energy shareholders early June 2010 Arrow Energy scheme meetings mid July 2010 Demerger Scheme approved and implemented late July 2010 Court hearing Acquisition Scheme late July 2010 Implementation date Acquisition Scheme early August 2010
AOE Price at posting:
$4.83 Sentiment: Hold Disclosure: Held
