Ann: Target's Statement and Independent Expert's Report, page-61

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    If Gina is the acquirer then her aim will be to pass 90% threshold by whatever method is the best from her point of view.
    This may include running the share value down to much less than the current offer. She is not going to put her good money into AGO for the benefit of others, similarly as you would not willingly offered your money for the benefit of Gina.
    Any other potential bidder would place a bid based on the information he knows.
 
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