Kingboard Copper Foil

[lanoitar]

The majority shareholders don't have to raise the offer price. They're not obliged to now....

Previously, the minorities are banking on the fact that the courts will enforce a compensation by making the majority shareholder buy them out.

Even if the majority loses the appeal, they are not obliged to buy from all minorities at all, much less to raise the price for all. If you read the judgement carefully, the court has been explicit in stating that any remedy will only apply to Pope's shares bought before the case is filed, and not to those shares bought after (which Pope did). Latecomers are buying a hope that it'll be extended, not an obligation.