There can only be two issues I believe.The Israeli withholding tax issue or a Material Adverse Event.But if it was a Material Adverse Event, this would have needed to be disclosed by 8am yesterday and DTS put in trading halt yesterday morning.
It can’t be a superior bid.Shareholders have voted last week to sell to Yum Brands. Yum Brands now own DTS.They just need to pay the consideration and Advanced Share Registry (The Paying Agent) needs to pay 23.5c to shareholders or 75% of 23.5c to those that can’t prove that they are exempt from the 25% Israeli withholding tax.
As I said last week, I believe page 17 is causing problems.I think this is the reason for the Court adjournment simply from a process of elimination.Unless someone can think of another viable reason.
