You keep making enormous leaps that are not backed by the cold...

You keep making enormous leaps that are not backed by the cold hard facts.

It's possible that DB and S had some explainable off market hand over at 16c and therefore you are correct BUT it is far more likely that S was always the beneficial owner and hence there has been no shenanigans, just a transfer by DB at initial purchase price. Book keeping only.

PS 90% is in the bag. Has any one come up with hard evidence of the procedure if 90% achieved within the offer period? Is it different than for post takeover period?