If they get 9% on second last day, the last day will be double...

If they get 9% on second last day, the last day will be double that based on my opinion of previous takeovers. FMG will hold out. Sadly I don't think they are going to raise their bid, it seems unlikely. They know they won't get 75% without FMG and know they will get over 50% to have control so a top up offer to get another 5-10% is irrelevant and costly.

Many institutions have conditional acceptance whereby they place shares with a trustee who sells when acquirer gets to a certain level (Eg 50% ) which includes the conditional acceptances.

Atlas will be a much less liquid company come Monday then you can see what billionaires do.

My shares have gone from my portfolio just waiting for the cheque, thanks Atlas for the ride.