Ann: Target Statement in Response to Drillsearch Offer, page-12

AQO currently down 3.95% almost 4 m units for sale with some big holders getting out 2.6 m to buy - that suggests DLS will win.
DLS up 0.7% on the ann. My take of this activity is that the choice is complex and not at all clear cut plus DLS has a clear head start with takeover holding. No outcome is certain but the market is tending towards a DLS victory.