Ann: Recommended and Unconditional Takeover Offer Extended, page-5

Couple of possibilities

1) takeover panel wasn’t just sitting on their hands doing nothing and have other business to attend. Given that they issued their ruling 6 months ago and gave 3 months for the report to be completed after Bullzeye (controlled by EMR directors) selected an expert, perhaps they are simply assigning the same level of impetuous to this that the company did. It looks like it was nearly 3 months before the report was even started.

2) report has some issues that need to be considered as to how to address them

i I think 1) is most likely.

anyhow having waited 6 months, a few days is hardly here or there. At least we have solid news, the report is done. Assuming the TOP is happy with the new target report, we will move onto the next stage shortly