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15:58
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Originally posted by epeeist
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As I understand the rules (Company Law & ASIC), compulsory acquisition can only occur when one party owns 95 % of the O/S shares of a publicly traded company (unless otherwise through an agreed scheme of arrangement). If we assume that a scheme of arrangement merger which requires a 75% vote in favour of the scheme by those voting does not occur because of the QUB consortium negative vote, the almost 15% of AIO shares owned now by BF serves to accomplish the same thing in reverse.
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to be honest i think a Brookfield takeover is not in the national interest, regardless of potential profit to shareholders ( me ). My experience with Brookfield in WA and their control of the rail system is that they will try to monopolise and extract higher fees for asset access. This may benefit Brookfield shareholders but not the users. I do not want to become a Brookfield shareholder, much prefer some extra Qube shares and/or cash. Happy to hold Qube shares.
