Remember that its 75% of eligible voting shareholders (in number, not based on shareholding). Ie. I have the same voting power as either of the 2 major holders.
Personally don't believe it gets to that. I doubt that the independent BOD will support this at this price, and they need to for a SOA. If the BOD don't support it then they need to go hostile but that needs to be through an ordinary takeover etc rather than via a SOA.
