oxiana top of self funding resources takeovers, page-6

Galv,
I may have it wrong here, but even if a takeover of OXR was placed on the table, by the time 50% was obtained the merger would be a done deal and the takeover would need to be for the merged group. The directors of OXR may say yes to the takeover but if ZFX directors say yes to the merger, they are the ones voting and so would seal it.

Can OXR directors pull the bid this late? I suppose they could but would not they be breaking the merger rules both parties have agreed to?