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13-09-2012, 05:59 PM
The deal is more or less likely to fail.
- Last announced acceptance level was 76.02%
- Open market transactions had received probably around 6% of company shares
- Average daily trading volume since the offer made known is only 0.1% of all shares
- Apart from that, the deal had been extended twice. I don't think there are people out there with 10% stake and have not done anything. If they didn't, it's likely they are rejecting the deal
With another 8-9% more to go, it is very unlikely the deal will go through. Don't forget, the offer is condition upon a minimum 90% acceptance level.
- Last announced acceptance level was 76.02%
- Open market transactions had received probably around 6% of company shares
- Average daily trading volume since the offer made known is only 0.1% of all shares
- Apart from that, the deal had been extended twice. I don't think there are people out there with 10% stake and have not done anything. If they didn't, it's likely they are rejecting the deal
With another 8-9% more to go, it is very unlikely the deal will go through. Don't forget, the offer is condition upon a minimum 90% acceptance level.