presentation, page-14

I think his Lordship has identified the hestitation in buying of IGR quite well. Why not wait for better timing and clarity?

To pose another question, could any takeover premium be diminished? I ask this because we know PALA have over 5% and UBS Nominees over 5%, whom most people believe to be acting PALA, together have approx 11% of voting power. We could also safely assume that another 2-4% may be tucked away in other nominees giving a potential 15% voting bloc. This would normally be enough to block any 100% takeover by another party.
But, what would happen if a friendly merger were to occur? What are the voting bylaws then? All hypothetical, any views on this? Looking for info.