Ann: Bellamy's enters Scheme Implementation with Mengniu, page-212

So just to make clear, as being honest I have never experienced having a company sold for a share I hold.

BAL will still be trading on the ASX until a certain date (how is this set?) that after all approvals the sale will go through, at which any public shareholders of BAL will be paid out (assuming also we get a document of some sort for the franked part).

So basically until now and then, theoretically the max share price will be $13.25 (the take over price includ the fc div).

That is still highly dependent on whether the sale does go through, like the TPG scenario that was blocked by ACCC?

As such, it's pretty much up to the free market/volatity of what the share price is knowing this news.

Such examples of buyers are:
Those who will buy below the $13.25 price and hope to profit e.g. say 25 cents if buying at $13 (not sure how the franking credit thing affects that).
Those who might buy lower at like $12.90 as people sell in hopes to make the margin difference between $13.25 and the sell price.

Examples of sellers, peopple who have a long position:
Some would still hold in hopes that sale does not go through
Those who would let go now at $12.90 vs losing out even more at the buyout price of $13.25

Is my basic logic correct here?

As for myself, if I bought in at $8.60, I have a choice now to either sell now and take the money at $12.89, or wait until settlement date of the sale and get $13.25 - but I run the risk of the sale falling through and the share price possibly dropping below $8.

Alternative, sell now, and stilll just trade on the volatility. However, do we know the main dates of when things will occur?