oz mins gets $1.5bn rival offer from banks, page-13

I can see this played out 2 ways.
1. The company reviews any proposal being offered and if it is better than the MM deal, then say so. (Although I find it difficult to believe that they can be independent now) or
2. Insto's vote NO, the MM deal is rejected and then they would need to have another look at it.

I suspect that option 2 may see the light of day. If it does, then the board must resign as shareholders have not heeded the board's advice and so the board would have a clear message that they have lost the support of shareholders

HT1