Well price they need to provide is mid point $1.85 mentioned in...

Well price they need to provide is mid point $1.85 mentioned in letter for board to consider.

Ferrovial has mentioned they will go hostile if they don't get enough acceptance. It implies they are not walking away.

I am not sure how many millions they have already sunk in preparing bidders statement and sending out bidder statements to all shareholders.

I think they will end up paying less than last time but not $1.35 instos would rather hold out to the end.

They will probably get significant retail holders and instos at the $1.85.

They may need to tip in more for true believers/invwstors like Allan Gray and Co.