How else would the directors justify recommending the deal? They...

How else would the directors justify recommending the deal? They can't justify it by saying that you will be able to exit your position now that JBL is suspended(likely to stay there until administrators are appointed is my bet) so they actually have to make a fair offer now, or at least one they can claim is fair.

I don't think it actually matters anymore, given the lack of acceptances so far, I don't think they're going to get anywhere near as many as last time and they were still a long way short for BHD.