Brahman Pure Alpha - Endgame, page-5

meric
IMO
Brahman only has approx 19% so they cannot kick board out by themselves especially when PYBAR has signify shareholding and could probably block.
Brahman and PYBAR cannot kick board out together (with a side deal that PYBAR would get Henty or similar) as they would be classed as associated and would have to jointly bid for whole company.
So it seems to me that Brahman can only get board kicked out if it and Pybar independently (with other UML shareholder support, which would probably be forthcoming judging by HotCopper) vote for such, with Brahman doing the legwork and proposing nominees. This would seem to be a lengthly process before $ could flow to Brahman, with PYBAR having inside running on getting Henty, and the other big upside ( Dargues ) perhaps not being attractive to many in a risk-adverse market.
So it seems not highly probable to me that scenario I mapped out above will happen , however greater minds than mine (considerable scope here!) including those at Brahman may have mapped out a viable and highly-profitable option - as "there's gold in them thar hills!!" (Henry and Dargues).