takeover march key dates 16 21 & 23

I am expecting an improved or second offer on or before 16 March.

In reading the Bidder, Target & ASIC my take is as follows.
Please read them independently and form your own opinion.

I am making my decision at the last possible moment.

1 Currently Sunstars offer closes 7.00PM Sydney Wednesday 23March 2011.
2 Offer period may be kept open for 12 Mths.
3 If the offer is varied to improve the consideration or Sunstar get 50% acceptance within the last 7 days then the offer will be automatically extended 14 Days.
4 If the offer becomes unconditional the offer may be extended at any time before the offer expiry.

From the ASIC website link below. (Note In part)
When should you act.
If you accept an off-market bid early and the bidder increases the offer price, you will automatically receive the increased offer price.

If you accept a market bid early, you will only receive the offer price and will not receive anything extra if the bidder later increases the offer price.

If you accept the offer straightaway, you cannot accept a rival offer afterwards.

When the offer enters its last week, consider or get advice on whether the bid is likely to be extended. Unless the bidder acquires over 50% of the voting power in your company in the last week or if the bidder in an off-market bid increases the price in that last week, an offer can only be extended during the last week if it is unconditional or another person announces or makes a takeover, or improves their already existing competing offer. If the offer is extended, then you can go on waiting. If not, you will need to decide whether to accept the offer or not.

If you accept the offer.
If you accepted an off-market bid, the bidder must pay you what you were offered within twenty-one days of the close of the bid (or of acceptance if the bid was unconditional). If the bid was conditional, and the conditions were not met, your shares will be returned to you. If you accepted an on-market bid, you will be paid under the normal settlement procedures of the ASX, ie 3 days after the acceptance.

I find the ASIC a lot easer to read then the Accountant Lawyer generated Bidder statements.
But I see March 16 & March 21 Mailing date as the KEY.

Enjoy the ride.

Reference.
Mailed Bidder statement.
On Page 29 Offer Period Section 8.2.
Mailed Target Statement.
On Page 20 Offer Period & Extension Section4.4.
ASIC plain English Takeovers information for shareholders.
Link.
http://www.fido.gov.au/fido/fido.nsf/byheadline/Takeovers+info+for+shareholders

Please DYOR.