I'm guessing the fact they are extending "the Offer until 30 March 2018" means they are not at this stage going to increase the offer and don't believe there's been a better one from another bidder. Thoughts? Oh yeah, and they believe BPF are being economical with the truth?, i.e. "considers that the Target’s Statement is misleading and/or deceptive in a number of material respects and as a whole is an unbalanced and one-sided document...".
Ann: MAQ: Application to Takeovers Panel and Extension of Offer, page-2
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