Ann: LifeHealthcare Announces Scheme of Implementation Deed, page-9

This is how I view it:

• Sell now at $3.62 and use cash to invest in other opportunities
• Hold and receive and extra 13 cents per share ($3.75) plus franking credits of 10 cents equals an extra 23 cents.

Assuming the extra 13 cents cash is received on 30 June and based on 1000 shares:  The extra cash is $130 earned over 4 months.  This equates to ($130/$3,620) = 3.59% gross return or an annualised return of 10.7%.  In addition, the franking credit of $100 in March 2019 when the ATO refunds me my tax return.

I see the hold and wait for the takeover strategy as a very low risk way to earn 3.6% plus franking credits.

I probably will sell early when I see a great opportunity to make a 20%+ type investment.