Ann: CBH Recommends Revised Toho Proposal , page-15

I notice by looking at the chart that leading up to the shareholders meeting, the sp was run up to above the 13.5 initial offer (by Toho I assume)

We can expect the same leading up to the yet to be held EGM to approve the latest offer. The price will be driven up above 19.5

The strategy I believe is to put the shareholders in the right frame of mind. No point in favouring Nystar if you get get more on the market.

We will wait and see?