Management need to kill the deal or negotiate new terms

Lifull out of nowhere has now issued an earnings downgrade and their share price has plunged 12% today. MUA’s board and management have a duty to renegotiate the terms of this“friendly takeover”. Things have now materially changed for MUA shareholders who are going to be issued Lifull shares at a 35% premium above Lifull’s current trading price. It is no longer in the interests of stakeholders that this takeover proceeds in its current form. Failure for the MUA board to act on these new disclosures from Lifull will force me to put in a complaint to ASIC that they are no longer prioritizing shareholders interests. GLTAH

https://asic.gov.au/for-business/yo...ess-directors/directors-key-responsibilities/

https://markets.ft.com/data/equities/tearsheet/summary?s=2120:TYO