Ann: Scheme Booklet registered with ASIC, page-48

The odds of the two SPs literally rising and falling in tandem is basically 0 except in the event of market manipulation, if you look at the "buy/sell" on any given day you'll see instos or algorithms essentially keeping the price within the same 5-10% trailing yield for SLR to Red. Doing this basically makes people want to vote yes for the 5-10% "arbitrage" and keeps the deal "fair" on the surface.

I guess the real question is who are the market manipulators and how much of a vote do they hold? Is it SLR themselves doing it (obviously not directly) or is it instos doing this and how many of the instos are in on it. I mean at the end of the day the market clearly reflects that the people in charge of the daily SP movements want the merger to go through.

I am curious to know what would you and others be willing to accept for a merger then? What would you deem a ratio that is acceptable?