Pan Aus Nominees are a fund manager, i'm not sure what there...

Pan Aus Nominees are a fund manager, i'm not sure what there intentions are? but as bandicoot said in previous posts probably greenmail, Pan Aus obviously want to block the bid. i'm guessing they have some sort of interest with CBH and prob think a) there will be another offer or b)think the current offer is too cheap and not good for shareholders.
With over 10% now held it certainly puts a spanner in the works for Toho. The next few days will tell the story as to there intentions.