Their market announcement stated there would need to be a vote.
https://www.nzx.com/announcements/393305
That should be alarming in itself - check this out: https://www.stuff.co.nz/business/128879209/sky-acquisition-of-mediaworks-could-cost-200m-says-perplexed-analyst
Given the money that is likely involved here I would say the odds of them getting 75% shareholder support (required under a Scheme of Arrangement) is zero.
It will be a colossal waste of time, and absolutely humiliating for Management and The Board.
I expect they will find a reason to kill this off soon.
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Last
$2.80 |
Change
0.040(1.45%) |
Mkt cap ! $385.4M | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.80 | $2.76 | $39.37K | 14.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 850 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 1463 | 1 |
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| Last trade - 13.32pm 01/08/2025 (20 minute delay) ? |
| SKT (ASX) Chart |