Ann: Devine's Supplementary Target's Statement, page-7

Not necessarily. A stock I'm holding, which got delisted 2 years ago, has just paid out a dividend equal to 50% of the price it had been trading at prior to delisting.

If CIMIC delist Devine, and CIMIC want to receive some return in the way of dividends or capital, then that return will be made available to all shareholders. Where's the rot?