What we haven't canvassed Schmucky is that there are plenty of ways to skin the cat for IRE. They can come back with an off-market bid with a 50.1% condition and let Thorney stew as a minority. Or OVH can sell the operating business which only requires 50.1% acceptance and return cash to shareholders.
But my money is still on the Scheme being voted in.
OVH Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held