Ann: Mitsui - Change in interest under IAF, page-6

if they can you could wonder if they would . Pay 96cents on market , have the bid fail then try
to recoup on a falling SP. Were as the current arrangement, Promise to buy at 96cents and if
they can't buy 51%..........walk away for nix.
Should answer your question.
Looking at the 'Shareholder' info in YE 2017 annual report. I note......... Total Shares 528 million
5. x Substantial Shareholders totaling ..................................................... 206 "
Considering the BOD recommended the Mitsui bid you would assume the
substantial holders agree to sell so the 206mil and the 26mil I calculate
mitsui have gathered so far give them 206 + 26....................................... 232 million

not far from the 290mil required to become unconditional BUT not many are keen on selling.

I note there are 6 x nominee companies holding 327 mil. shares, included in that total is the
substantial shareholders 206 mil.
So Funds...... 121 mil. Others in the top20..... 37 mil. Retail......164 mil. are holding tight, other
than the 26 million shares advised in this notice.
IMO these are my thoughts on how the takeover is progressing. DYOR.