The point is arming MSP management with enough support to defend themselves against FFT.
That announcement reads as though this takeover is "friendly". It's not imo. I see "hostility" - simply because FFT needs MSP more than MSP needs FFT.
If I'm wrong, then this exercise takes a "friendly" takeover off the table.
Need to secure 25% of the votes. To ensure they don't take this down the Scheme of Arrangement path and seek court approval for the merger via the Takeovers Panel.
With 25% of the votes V8 - we show both companies this exercise is not worth the cost that needs to be incurred to pull it off.
If FFT want to use BQT tech and AVA business model - they can pay us at arms length like everyone else.
MSP Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held