Ann: Takeover offer for PGH - Letter to shareholders, page-2

The IBC continues to recommend that minority shareholders accept the offer of $0.84 per Pact share
(Revised Offer) for the reasons outlined in my most recent letter to Pact shareholders. Pact’s share
price has recently traded on ASX above $0.84 per share. If that persists, shareholders may need to
carefully consider if selling on market (after brokerage and other costs) might achieve a better
outcome than accepting the Revised Offer of $0.84 per Pact share.

Is this the first time they have provided advice that could be interpreted to be in the best interests of shareholders??
Sell on the market for more than the offer? Strange they wouldn't have mentioned this earlier?

Do they have buyers on the market accumulating stocks for them? Is this allowed? and who regulates this?
User123, I would think this is something that Manipur would be watching extremely closely. Are you monitoring the shareholders list as well?

I find the regularity of the IBC letters seems to always be in step with Bennamons letters.
Typically it would be better for minority shareholders if the IBC didn't issue any letters.

Perhaps the change of tack in there message here indicates they are accepting they wont reach 90%??