So it seems the courts want Bayan and "WEC" to agree on changes to the terms of the freeze.
That would seem to say the courts don't have any objection to the acquisition of the remaining shares
May give WEC a bit more leverage to sort the compensation out. (November 19 now a new trigger date)
"The Supreme Court of Western Australia today delivered its judgment, noting that the scheme of arrangement constitutes a material change of circumstances which necessitates an amendment to the freezing order. The Court has ordered that the parties’ solicitors have 7 days to confer as to the terms of the amended order. If the orders can not be agreed by 15 November 2018, the parties are to file further submissions by 19 November 2018. The Company will advise shareholders of the terms of the order following finalisation by the Court"
Really - DYOR
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- Ann: WEC: WA Court Judgment Substantially in Favour of BCBCS
Ann: WEC: WA Court Judgment Substantially in Favour of BCBCS, page-2
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