However futile, it is still worth doing. Even if there is a tiny...

However futile, it is still worth doing. Even if there is a tiny tiny chance that some party is accumulating shares to block a bid (given the level of trading activity), our 'futile no' could suddenly make a difference!

Maybe wishful thinking - but If Russia invades Ukraine and gas prices shoot thru the roof, tactically, there could even be event arb funds who might try and block the bid to extract a premium.

Remember the Qantas drama where a fax received after the deadline from one of the hedge funds essentially killed the PE deal!