Australia: My scheme of arrangement is not - fair, so what now?

09 July 2021

https://www.mondaq.com/australia/insolvencybankruptcy/1089592/my-scheme-of-arrangement-is-not--fair-so-what-now

Fair and reasonable
A scheme is generally considered to be "fair" if the price offered for the shares is greater than the determined market value of the shares. If the expert considers the scheme to be "fair", it can be deemed to be "reasonable" in the circumstances. Earlier this year, Coca-Cola delayed its $9 billion scheme of arrangement to purchase Amatil when better-than-expected sales figures impacted its valuation and cast doubt on whether the independent expert would find Coca-Cola's offer price to be "fair".


1/ Are the 6 million shares depressing the ability of the RAP shares to trade higher?
2/ Will next quarters revenues offer improved company performance, hence the timing of the Takeover is hindering the true future value of the business!!!