I dont claim be an expert on this but to me from up this paragraph they only need 50.1% now as the Minimum Acceptance Condition of 90% gets waived. They had 40% this morning and the the2 major holders accepted also. According to the book that is another 20% which is enough.
You may not get a choice.
“Arcade states that it intends to declare its recommended takeover Offer as set out in the Bidder’s Statement free of all defeating conditions, including the minimum acceptance condition, if Arcade receives acceptances for its Offer achieving a voting power of 50.1%.”
GFY Price at posting:
33.0¢ Sentiment: Sell Disclosure: Held
