OK - so the t/o bid makes sense.
They know they can't get to both 90% of all shares and 75% of those outstanding.
So they mop up as many as they can having declared the t/o and they finally have to sit down with you guys and negotiate fair value.
Maybe the minorities should be buying more?
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- Ann: Proposal By Zijin To Acquire 100% of the Company
Ann: Proposal By Zijin To Acquire 100% of the Company, page-32
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