Just found excellent advice for shareholders in the event of a takeover attempt, at fido website
http://fido.asic.gov.au/fido/fido.nsf/byheadline/Takeovers+info+for+shareholders?openDocument
As you say NeilN,
"If you did not accept the offer but the bidder managed to get at least 90 per cent of the class of shares for which they were bidding, the bidder may (and usually does) send you a notice that it wants to acquire your shares compulsorily."
