SDL
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0.00% 0.6¢ sundance resources limited

ozwire your post is incorrect. A Scheme of Arrangement only...

  1. squidd
    3,910 Posts.
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    20/04/12
    21:57
    Post #: 10014483
    ozwire your post is incorrect. A Scheme of Arrangement only requires 75% approval for the scheme to be approved. Once the Scheme is approved by 75%, the acquirer gets full control of the target company. The 90% figure attached to a compulsory takeover is irrelevant in this situation. 75% is the magic number.
    SDL Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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