great schemes and arrangements, page-13

"The approval threshold for a bidder seeking 100% of the target is easier to satisfy under a scheme. The approval required, in addition to Court approval, is that a majority in number of shareholders attending the meeting, representing 75% of the votes cast must approve the scheme. In a scheme, silence is effectively the conscription of a yes vote. Whilst in order to get to compulsory acquisition under a takeover the bidder must obtain acceptances for 90% of the bid class. In a takeover, silence equates to a no vote."

No one seems to have commented on the part above that I have posted.

That part has some very interesting issues to be covered, and properly understood, before judgment is passed.