Cyph: as far as I understand under Corporations Act they can only conduct compulsory acquisition after obtaining controlling interest in 90% of shares. That is why Vocus bought their 10% before they announced anything to market, to prevent exactly what you are suggesting.
http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s664a.html
Cyph: as far as I understand under Corporations Act they can...
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