In a vote cast on Wednesday, 93% of shareholders backed the deal, when the board needed only 50% support to push the deal through.
The cashscrip deal will deliver SFE investors a handsome capital return, with the ASX offering 0.51 ASX shares per SFE share. The deal values SFE shares at A$16.93 compared to a closing price on Wednesday of A$16.74.
Prior to the announcement of the merger SFE shares were trading around the A$14 mark.
Wednesday's victory hasn't come without a fight. Shareholders...