I think it was a strategic move - I suspect the NTC Board would...

I think it was a strategic move - I suspect the NTC Board would have lost the vote, had the meeting been held - so they postponed it, got CASA to write a letter saying they will not provide a better offer (even if they may do so), and make the share price drop a bit, to make shareholders nervous, taking away the upside, and providing some downside.

I also think that when it comes back to the vote, they (NTC/CASA) will succeed on the second go, partly because many shareholders who have voted Nope will not realise that they have to vote again, partly because the No vote will lose some of its momentum, partly because some holders will be nervous about not getting a better offer, and perhaps other reasons such as the extra 9m shares coming into play (if the voting basis has changed). But that's just my guess, and you never know, and it will be interesting to see how it plays out.