http://www.bloomberg.com/apps/news?pid=10000081&sid=aQ9aOC1usHHc&refer=australia
Macquarie said May 5 if it bids, its offer will be through a so-called scheme of arrangement. This means if Toll refuses to sell the 11 percent stake it has accumulated in Patrick the bank could hold a special shareholder meeting at which it only needs 75 percent of shareholders to vote in its favor to compulsorily acquire all minority holdings.
Toll's comments on Macquarie's plans ``contain a number of material misstatements and errors,'' the bank said in a statement e-mailed to Bloomberg.
MBL
macquarie bank limited
http://www.bloomberg.com/apps/news?pid=10000081&sid=aQ9aOC1usHHc&...
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