Ann: LNGL Board Approves Re-Domicile and Listing in United States, page-38

Here is something from a super fund (Australias largest) that only allows direct investment, asx 300 only stocks, my cousin got caught once before on a stock, I always remember him telling me of his misfortune over and over again
3.16A corporate action resulting in the overseas takeover of anAustralian domiciled listed security will be processed as amandatory takeover and sold on the relevant Exchange.The proceeds (minus brokerage) will be converted to AUDbased upon the relevant foreign exchange rate at the pointof settlement and credited to your cash account.

That being said the market likes the news and with US valuations higher thats will be good for S/H.


Champee