bg holding in pes, page-12

howdy guys,
what confounds me about this situation, is that BG have declared their offer FINAL.
So they cannot come back with an offer over $8.00 (or $8.25 if they get 90% acceptances) UNLESS a higher offer is made for PES.

So if AOE does not increase its bid, then those who accumulate at prices over $8.00 are stymied.
They will have to sit there until the BG offer expires.
They will then have to wait until BG comes back with a higher offer.

If AOE don't accept the current BG offer, and the bid expires, I reckon its a certainty that BG will come back with a new, higher offer, to flush out AOE.