Keep in mind the 80% figure is only a trigger for them to go to...

Keep in mind the 80% figure is only a trigger for them to go to ASX or whoever it is to apply for de-listing.

It isn't an automatic event, it has to be approved.

Clearly companies will have done this before and it will still mean that for whatever reason they wanted 100% previously, they still won't have it.

They *need* 100%

The 80% was probably just intended as a further mental deterrent against holding out for a higher offer.

Don't fall for their immoral, unethical hostile takeover tactics.