They may still be recommending UWL but that's only because as...

They may still be recommending UWL but that's only because as you say there is no firm alternate bid yet. However by seeking to delay the UWL Scheme vote they are giving the alternate bidder every chance to firm up a bid.

Given OPC directors which control around 40% of OPC appear to have mainly opted to take cash rather than UWL shares, I'd assume they will favour any bid that puts the most cash in their pocket