Sorry, you need to research takeovers more. The 90% acceptance condition does not exist with a Scheme of Arrangement. Once a scheme is passed, it is binding on all shareholders and the transfer of shares to the bidder goes through. I've been playing takeover arbitrages for over 20 years
Ann: Third Quarter FY22 Trading Update, page-24
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Last
$47.25 |
Change
0.250(0.53%) |
Mkt cap ! $10.85B | |||
| Open | High | Low | Value | Volume |
| $47.40 | $47.68 | $47.15 | $28.34M | 592.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 478 | $47.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.27 | 851 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RHC (ASX) Chart |