Apparently there is a rule on the ASX that a company needs 50%...

Apparently there is a rule on the ASX that a company needs 50% of the individual shareholders to vote in favour of a takeover for it to go through. If you're interested in the prospect of an independent Spookfish consider buying a small parcel of shares and voting "No" to the takeover.

" For the scheme to be approved, a resolution in favour must be passed at the scheme meeting by each class of target shareholders by both:

• 75% of the votes cast on the resolution; and
• more than 50% in number of the target shareholders voting on the resolution (in person or by proxy)" - Minter Ellison