Can anyone help with clarification?
It was the understanding of many within bmi that SMB had a PUT option that was exercisable in April/May 2008, and that he did not exercise his option ... and that Lufty had a CALL option to be exercised in Dec 08/Jan 09 ... and obviously have.
This is the reason for the deal being completed by end Jan 09.
There is a big difference between Lufty wanting to buy bmi and having to buy bmi
Any one have more info ?