My take on this is the UNV B.O.D. are finalising the terms of...

My take on this is the UNV B.O.D. are finalising the terms of the takeover, but are "dotting the i's crossing the t's" before presenting the recommendations to shareholders.

The longer this bid continues the more it strengthens my suspicion the B.O.D. have already accepted the takeover.

If they were going to reject it, I'm sure they would have done so by now.

I just hope the takeover is priced at more than the current 35c, which significantly undervalues UNV.