If you read the announcement you will see that synergy...

If you read the announcement you will see that synergy "supported" the resolution to place panorama in administration.Being accountants they would be very familiar with the probable outcome of such a move and they have done it for a reason.
Andy-j,like I said before, best to wait to see what the outcome of this action is before you start jumping up and down.
Kostanz,you are right,Syn hold 51% and regardless of what changes if any are made to panorama as a result of being placed in administration they will still own 51% and they "may" end up playing a greater role in the management of panorama.