re: bid unlikely to succeed Unfortunately since it's a friendly takeover they probably have the numbers to takeover without raising the offer.
I think they only need 75% acceptance....with 71% owned by the top 20....it looks like they'll do the rounds of the top 20 to convince them...
They only need another 4% and they can go for compulsory acquisition of shares.
Before you know it the stock is delisted and there is a cheque in the mail......:-(
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bid unlikely to suceed, page-25
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