Ann: CBH Recommends Revised Toho Proposal , page-8

Nystar will likely come back with a higher offer as they might know that the TOHO bid is complicated from an ordinary shareholders point of view. I am uncomfortable with TOHO holding so much power.

If they offered 25 c would that do the job? Probably. A bit less might too. Though long term analysts would see a higher price.

But I fear there is a lot more going on here than I understand. Pem are quiet.

Wait and see....

Pat