T2 have made their takeover offer at the $1.35 amount . Next...

T2 have made their takeover offer at the $1.35 amount .

Next step is ASIC appoints an independent expert to state whether the takeover is "Fair and Reasonable"

The $1.35 was neither fair nor reasonable according to the last report.

Then we can chose to either accept the $1.35 offer or reject it and object to it. If 10% of the remaining shares object we go to court and they determine a fair price. The court costs will have to be paid by T. I will be rejecting it

Court assigns a fair price and Taurus will decide whether to pay it or not.

If they dont we remain shareholders, entitled to dividends or other takeover offers, however the company will de-list so wont be able to sell shares