Hi sydneybhai
My understanding is based on the advice at:
http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm
and
http://www.sraa.asn.au/takeovers-for-ordinary-shares.html
So yes is the answer.
Cheers
R1
53 mill trade, page-18
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