@mm950
Let me worth through your comments one by one...
Your basic outline had merit and there are a number of ways it can be done but its not for me to comment on, best seek advice from FMS United or their legal folk.
I wouldn't assume OCJ has the ear of Todd or vice versa but for assessing various scenarios as FMS United you would of course assume Todd and OCJ are both combined (45%) and competing (20% & 25%).
Whatever FMS United is up to is their call, I cant comment.
The PIOP offer was accepted by the FMS Board last time as the offer had some conditions that required them to do so. The initial take-over lodged last month had no limiting conditions and so the FMS board responded as they saw fit, however the revised offer included the same conditions as the PIOP and as such the board has a duty to bring the offer to the table for shareholders such that they are now limited to supporting the offer whether they like it or not. I posted not long ago and these conditions.
A few home truths..., page-94
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