There is a useful summary of the scheme process here
http://www.companysecretary.com.au/board_briefings/SchemeArrangement.pdf
It is obvious that a scheme of arrangement has been chosen by the directors in preference to a straightforward buyout of the whole company because it permits this selective allocation of the divisions of AMA, and this apparently suits Blackstone. Whether it suits shareholders is another matter and one which ASIC will consider when deciding whether to approve the scheme.
There is a useful summary of the scheme process here...
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