The document that has to be produced for Allkem shareholders is...

The document that has to be produced for Allkem shareholders is called a Scheme Booklet. In common usage a booklet is similar to a brochure but in this context to call the document a "booklet" is a massive understatement. The "scheme" bit refers to the process they are using being called a Scheme of Arrangement which includes a shareholder vote and court approval. The Oz Minerals scheme booklet for its acquisition by BHP was 493 pages, and included the Independent Expert's report: more a tome than a brochure.

Interesting how quick the Oz Minerals process was. The two boards agreed to the deal on 22 December last year, the Scheme Booklet went out to Oz Minerals on 3 March this year and the deal was done and dusted by 2 May. Just over 4 months from go to whoa. By contrast the Allkem Livent merger was announced on 10 May and we have now passed three and a half months and pretty much the only progress made to date is they have worked out which director continues to get a teat and that Pall Graves doesn't really have to come visit the colonies. If Martin MD is saying AKE holders wont get their scheme booklets until mid-December that suggests maybe March next year before the coronation of King Pall.