(a)Which of the following shareholding/shareholdings is/are deemed a controlling shareholding under the Corporations Act?

A. 51 % B. 21% C. 20% D. All of the above shareholdings

(b)What is the key difference between a hostile and a friendly takeover?

(c)The two main legal mechanisms for effecting takeovers are takeover bids and schemes of arrangements. Which legal mechanism requires court approval?

(d) Name the two main types of takeover bids.

(e)Why is it preferable to use a scheme of arrangement when an acquirer wants to acquire all the shares in the target company?

(f) Aussie Ores Ltd owns 10% of Pilbara Metals Ltd, a public listed company. As part of its expansion plans, Aussie Ores wants to acquire all the voting shares in Pilbara Metals. If Aussie Ore bids for all the shares but only succeeds in acquiring 91% of Pilbara Metal's shares, will it be able to compulsorily acquire the remaining 9% of Pilbara Metals' shares under the relevant legal rules in the Corporations Act? Give reasons for your answer.