A binding offer is just an offer isn't it, MYDEAL doesn't have...

A binding offer is just an offer isn't it, MYDEAL doesn't have to accept it. But I think that you are correct in that WOW has to abide by the offer made now. It seems MYD would accept in this downturn as if WOW hadn't made the offer when it did, the MYD SP would have crashed not gone up. I wonder why it isn't a done deal yet, the offer is made but has MYD accepted it yet? Is it all signed off on, perhaps MYD's lawyers are still going through each word of it earning lots of legal fees, and making endless amendments which go back and forth between MYD and WOW until they finally mutually agree. If MYD don't agree with some of the terms and conditions outlined by WOW and WOW don't compromise anything, then the offer can fall through.. it is binding in that WOW can't offer less I imagine, but MYD can ask for more and better conditions, be rejected on all or some and it all slides away if WOW is looking for an excuse to get out of it now. Its not been signed off on by all parties yet has it? I haven't checked. Its still a bit of a gamble to hold the shares imho.