Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-99

Taken from the announcement - How does this work with a no shop and no talk clause? I guess you pay the break fee whatever the amount if a superior deal comes along.

"The Scheme is unanimously recommended by the Essential Board of Directors in the absence of a superior proposal and subject to the independent expert opining that the Scheme is in the best interests of Essential shareholders

The SIA contains various standard "no shop", "no talk", "notification" and "matching rights" provisions, with a break fee payable in certain circumstances"