The market has finally woke up. SLR hits another 52week HIGH., page-55

You are fooling yourself here. No-one can force the arm of EGA holders. The best that SLR can do is attract them with a seriously increased offer. EGA holders will be better off retaining their shares even if SLR obtains a controlling interest without reaching 90% to force a take-over. Given the response of shareholders to the EGA activist campaign, it is rather doubtful that SLR can get to 90% without a revised offer.
It will not be the first time that I have been faced with a take-over that does not give the buyer full control and then have the target company continue with a separate listing and do considerably better than if the offer had been accepted.