SGF offer is far more superior than MMS merger offer for ECX shares?, page-47

MMS’ deal is still open, but at current offer price is unlikely to proceed, unless MMS proposes a low ball offer and ECX agreed.
The SIA doesn’t prevent other parties to make a bid, but have to notify MMS.

IF SGF were still interested (their $2.52/share comprising $2 cash per share, was directly rejected by ECX board seven months ago), they might buy on market or make a low ball offer.
It’s noted SGF’s $2.52 offer was presented 13 days after previous profit downgrade.
Will SGF make a move after this week’s profit downgrade?

Let’s wait and see.

“During the Exclusivity Period, Elliot must immediately (and in any event within 24 hours) notify Miller in writing (“Proposal Notice” of:
(i) any approach, inquiry or proposal made by any person to Elliot, or any of its Representatives (to its knowledge), to initiate any discussions or negotiations that concern, or that could reasonably be expected to lead to, a Competing Transaction; and
(ii) any request made by any person to Elliot, or any of its Representatives (to its knowledge), for any non-public information relating to Elliot or its Related Bodies Corporate, or any of their businesses or operations in connection with such person developing, formulating or finalising a Competing Transaction (or assisting in doing so).”