FYI, the 90% threshold is for compulsory acquisition for an off-market or on-market takeover. A friendly takeover can also be done by a Scheme-of-Arrangement where the shareholders vote on a scheme prepared by both parties. In this type of takeover, 70% of the shareholders (by number of shares) and 50% of the shareholders (by number of holders) must approve the transaction ... this is an all or nothing approach and is only ever successful if it is truly a friendly takeover and the offer is fair and reasonable as assessed by an independent expert.
Hope this helps,
Pecs.
FYI, the 90% threshold is for compulsory acquisition for an...
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