No, this is not about breaching the ASIC guidelines!
This is about the fact that KROLL has not used their normal terminology of 'fair and reasonable' when they usually reccomend a merger under a Scheme of Arrangement.
Nowhere in their report does KROLL justify the merger of AKE and LTHM as reasonable! They used this term 35 times in the Pendal report!
One can conclude from the lack of 'reasonable' and a shift in wording:
'fair and reasonable' to ' better off, or at least not worse off' that the merger of Allkem and Livent does not qualify for a 'fair and reasonable' statement in KROLL's expert opinion.
I find this peculiar and worth clarification by KROLL!
