Ann: Commencement of Legal Proceedings, page-4

the city code requires a full cash component as well which TER doesn't have. So the bid has chances to fail completely as well. I wonder what Brasidas and CDH will do then ? Sell on the market to get out ? Maybe TER would just accept no voting rights and collect the dividends. I would be keen to understand how could the court rule them to divest their shares which they have acquired so far i.e. the 53%. The other holders willingly sold it to TER.