Business as usual, Bidders ticking off the boxes, the doubters can stand down.
Re all the JPMorgan speculation - if JPM vote against the Scheme and it fails (at $3.70) and if JPM do not then sell into the Takeover Offer (at $3.65) - then JPM will hold 15% of a listed company with a Share Price that will have dropped to say $2.00 (guestimate), a book loss of $95million on the investment.
Does anyone seriously think JPM is not playing the arbitrage?
GLTAH!
Business as usual, Bidders ticking off the boxes, the doubters...
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