Australian Super is at 13.68%. Brookfield need 75% of votes cast. Index funds will go with the board recommendation probably, but surely if Australian Super say they are voting no then it will be impossible for Brookfield to get to 75% given that they will pull along hedge funds and a decent chunk of the retail shareholders?
I understand the notion "Why would the board put out this notice unless the vote was a lock", but on the other hand why would Australian Super go for the current offer?
Australian Super is at 13.68%. Brookfield need 75% of votes...
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