Yes you are right on both counts:
Board recommends Iberdrola.
The book table of substantial shareholders says TCI 33.1% and Iberdrola 20% as on Last Trading date prior to offer.
Then there is a tiny footnote (well spotted!) that says " in respect of SS held by TCI arising under prebid purchase agreement"
So yeah only 20% total so far.
Ann: Second Supplementary Target's Statement to UAC Offer, page-27
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Mkt cap ! $156.0M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
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| Price($) | Vol. | No. |
|---|---|---|
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