At 90 % acceptance, compulsory acquisition comes into play for...

At 90 % acceptance, compulsory acquisition comes into play for the remaining 10%.

At 89.9% acceptance, the takeover technically cannot proceed , but the reality is that this entitles the buyer to a majority of seats on the board.

Therefore they are free to take whatever decisions they wish, which may not be in the best interests of the remaining , minority, shareholders

I think once the 50% mark is reached, effectively the game is all over.