Just need to clear this up (my apologies for earlier advice). There are 2 ways to acquire a company, one is by a Takeover, the second by a Scheme of Arrangement. What you have described above is a Takeover, but after checking the details Merck has chosen to proceed down the path of a Scheme of Arrangement. This calls for a meeting of shareholders (either in person or by proxy) where at least 50% of shareholders need to participate and 75% or more vote to agree to the arrangement, plus some other legalities and a Court approval. If these requirements are met, it is all over.
Explained in detail by Minter Ellison in:
https://www.minterellison.com/artic...rrangement-structuring-a-friendly-acquisition
- Forums
- ASX - By Stock
- VLA
- Merck takeover $1.75 a share
Merck takeover $1.75 a share, page-88
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VLA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online