To achieve your objective Gringo you will need to "accept" the WNI offer won't you? Hence in buying more on market and then accepting the bid you are in effect acting like an "associate" aren't you? Apologies if I have this wrong.
The way I read it, WNI won't be "forcing" anyone to accept the bid. Their objective isn't to get to 90% it's to get to 80% then delist remaining shareholders into oblivion.
Isn't there a risk that they reach 80% before you've had a chance to accept the bid?
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