If the scheme is approved then your shares are taken whether you want to accept the offer or not.
A financial commentator (Terry McCrann I think) said years ago that this form of takeover should be abolished as it is contrary to the takeover laws which required a predator to obtain 90% or more of a company to move to compulsory acquisition whereas a Scheme of Arrangement only requires 75% of voting shareholders to vote in favour of it for the compulsory acquisition to be binding on ALL shareholders of the target company.
I have voted against the Scheme. If it does get voted down the current board should walk the plank and a new board be put in place.
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