Was looking at msps of the range and cane across this take over....

Was looking at msps of the range and cane across this take over. Funny when you get to the part about Creasy already owning 27%.

'Off-market Takeover Offer from Independence GroupOn 16 September, Windward went into a trading halt following the receipt of an alternate material transaction proposal and, on 5 October, announced that it had entered into a Bid Implementation Agreement (BIA) with Independence Group NL (ASX: IGO; Independence) under which Independence (or a subsidiary of Independence) agreed to make an off-market takeover offer to acquire all of the issued shares of Windward (the Offer).Under the terms of the Offer, Windward shareholders who accept the Offer will, subject to the fulfilment of the conditions, be entitled to receive 19 cents cash per Windward share. The Offer values the entire issued share capital of Windward at approximately A$20.5 million and represents a: 46% premium to the last traded price of Windward shares of 13.0 cents on 16 September 2016, being the last trading day for Windward shares prior to the announcement of the Offer; 60% premium to the 5 day volume weighted average price of 11.9 cents up to and including 16 September 2016, being the last trading day for Windward shares prior to the announcement of the Offer; and  81% premium to the 30 day volume weighted average price of 10.5 cents up to and including 16 September2016, being the last trading day for Windward shares prior to the announcement of the Offer. Windward’s Board of Directors unanimously recommended that shareholders accept the Offer, in the absence of a superior proposal. Each Windward director has indicated they intend to accept the Offer in respect of Windward shares they own or control, in the absence of a superior proposal. Windward's major shareholder, Mr Creasy, who controls entities holding a 27.44% interest in Windward, advised Windward that the entities he controls intend, in the absence of a proposal superior to the Offer to: vote against the Eastern Goldfields Transaction at any Windward shareholder meeting to consider that transaction; and accept the Independence offer in respect of all shares they hold on the business day following the later of 21 days after the Offer opens and a substantial holding notice being lodged by Independence in respect of Windward confirming that Independence has voting power in Windward of at least 22.67% (with the effect that if the shares in Windward the Creasy Group holds are accepted into the Offer, Independence’s voting power in Windward would be at least 50.1%).Since the announcement of the Offer, Independence Group has acquired a relevant interest of 50.92% in Windward as at the 21st October 2016. The Bidder’s Statement and offer documentation was dispatched to Windward shareholders on 17 October together'