Gharp,
Having digested this bidders statement I now conclude that it is a con job to get the number of provisional acceptances for the Handcock offer up to 40%. At this point, provisional goes out the window and all of the acceptances become binding. Of course, this means that all of the directors who have already accepted the Handcock offer of 28c will get 36c.
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- Ann: Hancock Offer - Second Supplementary Target's Statement
Ann: Hancock Offer - Second Supplementary Target's Statement, page-17
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