If they were so sure it wads a great deal/had knocked backed many why do a CP suddenly.
a) Deliberately planned from long ago to boost funds - = very good risk mgt but conc=veniently just never told share holders!
OR
They had NO other offers and this offer (although better than none and by a major) is trying to screw MEO now they know the deadline is near. Hence last minute chess play to stregthen position from the current weak one they are in.
MEO Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held