Why has it taken from the 5th to the 17th March and now the 22nd for the 3rd party not to sign, surely MEO and the PF must be discussing this and looking at their options. The identity of the PF was known last year by MOG & CUE and this side issue was discussed, maybe not in minute detail.
2 of the 3 parties signed on the 5th so they had plently of time prior for DD so what has been happening between the 5th and the 17th. If they were not going to sign prior to the 5th then after an extra 17 days they are not going to change their mind. Either the PF has to accept 85% or we go to plan B. I hope it is the former but looks like a case of blind mans bluff at the moment.
I hope hyper inflated egos dont get in the way of this monumental transaction.
MEO Price at posting:
35.5¢ Sentiment: None Disclosure: Held
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