a share swap?, page-4

Yup,the AFR just reported that

"Coastal is understood to be willing to accept a conversion that would be consistent with the terms of the hybrid issue, which at the current share-price would give hybrid holders 92 per cent of the company. A lower offer would be “a blatant violation of PXUPA rights and completely unacceptable”, sources said."

No further extract can be provided as a copyright fairdealing.