Takeover Offer by Uniti Wireless (UWL), page-7

We are currently trading at a premium to the bid price of $5.20 a share (if you include the $0.10 special divvy) - so the market either thinks there’s a chance of another bidder, or maybe people are happy to buy here and roll some into UWL scrip thinking they can make some $ on the arbitrage? Given the directors and senior management hold close to 50% collectively it’s hard to see the scheme getting voted down - unless they’re precluded from voting? I’ll need to go back and check the legal framework for schemes as it’s been a while since I last looked at it closely.