Sorry, you need to research takeovers more. The 90% acceptance condition does not exist with a Scheme of Arrangement. Once a scheme is passed, it is binding on all shareholders and the transfer of shares to the bidder goes through. I've been playing takeover arbitrages for over 20 years
Ann: Third Quarter FY22 Trading Update, page-24
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Last
$40.80 |
Change
0.600(1.49%) |
Mkt cap ! $9.373B | |||
| Open | High | Low | Value | Volume |
| $40.49 | $41.03 | $40.34 | $32.48M | 796.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13 | $40.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.83 | 610 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RHC (ASX) Chart |