Nervous"Not only is it unethical to have differing treatment...

Nervous
"Not only is it unethical to have differing treatment between ordinary shareholders but it is blatantly against the corporations act:"

I remember reading the difference between off market take overs and Schemes, when this scheme was first announced and happened to find this site.

"http://www.mallesons.com/Documents/A_guide_to_takeovers_in_Australia.pdf

A guide to Take Overs in Australia June 2011

In particular this section on page 13
Off Market Take Overs : All security holders must be treated equal. Collateral benefits likely to induce acceptance not allowed.
Scheme of Arrangements : Acceptable if disclosed, although may create separate classes requiring separate votes.

Others may disagree but I would think that Santos's advisors have covered this condition.

It would be nice to be at least treated equally and then vote on the merits of the deal.

Cheers Mattock

Please do you own research as I have no legal or investment qualifications . Qualifhave only posted what I have set out No