75% of votes by number of votes cast, and 50% of shareholders voting.
ie. if there is a massive retail vote against the deal, then it cannot be carried by instos alone.
This deal will not be voted down unless a better deal emerges from a third party (which i find unlikely). The alternative is unpalatable.
The arb is attractive at 15 cents.
75% of votes by number of votes cast, and 50% of shareholders...
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