Ann: Entry into Scheme Implementation Agreement, page-8

Nah, in this case there's no reason why the Directors need to take the offer. In my view, they've been low-balled and have additionally only agreed a rather small break-fee if Costa can't complete. The company is/was not under financial duress. The reference to when PSP bought their ~13% is meanlingless IMO, yet it's their primary reference when patting themselves on the back about the good price they got.

How about this for a laugh "the Scheme provides certainty for shareholders in an uncertain operating environment"

Sounds good right? However, before the Scheme is implemented we need approval from "Chinese State Administration for Market Regulation, the MoroccanCompetition Council, and the European Commission".

They must have a way different view of "certainty" from me.