You miss read this, take note about (Less than) min will get less than so can extend.
However we have a further protection, because a bid can be extended for a limited time period, but normally if the bidder has received acceptances for less than 90% of the target company's shares and seeks to obtain 100% ownership.
Lockyer Deep - From the horse's mouth OR What the JV partner really thinks about Lockyer Gas, page-185
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