surprise surprise increased offer, page-6

Note that the revised MAK offer for BON is only 1:9 if they reach 90.1% acceptances. Otherwise it reverts to 1:10.
Seems to me that the BON shareholders should be able to withdraw now that the offer has been revised. Maybe any BON holders who have accepted may want to check this out.

Additionally there seems to be a certain amount of desperation in the MAK offer and their latest attempt at a capital raising via a rights issue. It would seem that there is no offtake agreement on the horizon.

The MAK sp is headed down, probably to sub 40cps
The UCL offer is still superior to that of MAK.