So for BPH this means
1) MMR thinks the approval is imminent.
2) While BPH won't get more than 36% in Advent, they will be able to let MMR raise the lions share of the money to fund PEP-11 (thus diluting MMR and not BPH.)
Also they were running out of time, you can only suspend for 2years before being de-listed. They could not distribute their asset and substitute it for another investment of equal or better value in time.
Ann: MMR: Proposed in-specie distribution - Update, page-6
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