bear in mind following
".......In the offer document, Mr Wilson is identified as a "permitted holder". A change of control event occurs when "any person or group ... other than one or more permitted holders or the issuer" becomes the beneficial owner "of more than 50 per cent of the voting power of the issuer's outstanding voting stock".
One of the conditions under the permitted holder clause is "that Frank Cullity Wilson holds a majority of the aggregate voting power".
That hurdle is significant because it means Mr Wilson would have to control any bidder. Since leaving the business to pursue a takeover offer with an unnamed but credible investment partner, he has hired Goldman Sachs to advise on a potential transaction. UBS is working for Quintis.
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