re: Ann: GIR: Change in substantial holding f... Apart from the above comment which is more than valid the fail safe is on the off chance that a higher bid comes in ( highly unlikely considering the obvious synergies of the two companies ) , then AGO gets the benefit of an increased price on their holdings in GIR.
So in the end a win win though really this takeover is pretty much a fait accompli.
No other outside party is going to see this any other way.
I also think , though I stand to be corrected , that the selling to AGO is the Directors from GIR who have ratified this wonderful agreement.
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