Hi Jay,First of all, the takeover will only go ahead if they...

Hi Jay,

First of all, the takeover will only go ahead if they secure at least 50.1% of the shares on issue.

If they secure >50.1% but <90%, you will keep your shares and be a shareholder in a company that has a controlling shareholder (not neccessarily a bad thing, Leighton Holdings is an example).

If they secure >=90% they can force a compulsory acquisition of your shares at the offer price, 66c. No idea how that one works on a practical level.