Well, if in two further weeks those 49.4% still believe the deal is not in their best interests then they still won't have sold and the deal is DEFINITELY dead. Hopefully.
What this outcome does indicate is that about half the holdings genuinely, as at Friday's critical decision point, did NOT want to sell. Over the next two weeks they will be pressured to change their minds.... APA need to change the minds of the holders of another 20%. Depending on the distribution of those shares that may be possible or bloody difficult. I think it actually will be difficult - they haven't been convinced so far, what will be different in the next two weeks? We may be about to see the grubbiest tactics yet....
I do, however, reckon a goal has been kicked after the siren and has been allowed! Next Monday will be a very interesting day - we'll see if the referees have anything to say.
Last edited by Ron & Edna Johns; 5th May 2007 at 02:35.
Reason: Punctuation