discuss if you agree or disagree with the following statements and explain

Q3. The threshold in the squeeze-out rule of a tender offer is higher compared to that of a scheme of arrangement. Therefore, a scheme of arrangement has an advantage because the bidder can gain control over the firm with as little as 50% plus of the voting rights versus the required 75% in the case of a tender offer. (8 marks) Q4. In the UK, a creditor who has a fixed charge can veto the administration and appoint a receiver. Nevertheless, UK bankruptcy procedures are more debtor friendly than those in the US because they allow the owners to remain in control of the company during the period of bankruptcy. (8 marks)