oipo no chance of getting in the money, page-7

JT, Newto,
You really do need to do some homework JT, this cant be a takeover and a merger in the same posting, its one or the other.
It is not a takeover, therefore there should be no takeover premium and if the OIP shareholders believed in the value of their assets, the company would not be trading at NTA, i.e. cash backing with NO VALUE ASCRIBED TO THE SHARES BY THE EXISTING SHAREHOLDERS.

It is in fact a Scheme of Arrangement which is typically a merger proposed and supported by the Boards and typically with the support of the major shareholders.

A document will / has been lodged with the Supreme Court and hearing date will be set, a date of 17 Dec was mentioned at the AGMs. The rest is a process that has been well documented and disseminated.

If you don't like it, try to stop it by buying the shares in OIP! IT really is that easy.