It's a script arrangement so it won't mean excess cash left...

It's a script arrangement so it won't mean excess cash left around.

Agreed though that the takeover price has dramatically reduced whilst the benefits that drove the decision in the first place remain as forecast.

So the cost benefit analysis should just further support the merger.

Doesnt mean they can't change their mind but that would just show that they got it wrong in the first place in making the decision and would be a terrible look for management.