"This is the low ball.Don't accept - they will offer again!They...

"This is the low ball.
Don't accept - they will offer again!
They have to get 90+ % to forcefully take the last few sharesholders out.
There is always a series of offers if they want the entire registry!"

I don't think so. According to the announcement ...
(e) (Shareholder approval) the Scheme is approved by Target Shareholders at the Scheme Meeting by the majorities required under section 411(4)(a)(ii) of the Corporations Act (or,
where clause 4.6 applies, the majority required under section 411(4)(a)(ii)(B) of the Corporations Act);

Section 411(4)(a)(ii) of the Corporations Act states .....
a resolution in favour of the compromise or arrangement is:

(A) unless the Court orders otherwise--passed by a majority in number of the members, or members in that class, present and voting (either in person or by proxy); and

(B) if the body has a share capital--passed by 75% of the votes cast on the resolution


Here's what will constitute a majority ... a majority in number of the members, or members in that class, present and voting (either in person or by proxy). I take that to mean that NH and GPE can probably steamroll whatever other votes there are with their 30.5% because there will not be anything like 100% voting - (see my previous post for the voting at the AGM).