Quote Originally Posted by huxley View Post
compulsory acquisition
If any person, or group of Associated Persons, becomes entitled or bound to compulsorily acquire Shares held by any minority Shareholders, Bondholders will be given the option to redeem their Infrastructure Bonds for cash at their $1.00 Face Value
The wording doesn’t appear to cover a change on control via a Scheme of Arrangement. If someone succeeds getting 75% of shareholders to agree to a SoA, then I assume you could get a 100% change in ownership of IFT without the compulsory acquisition threshold (90%) coming into play. If so, IFTHA bondholders may be forced to go along for the ride.