i think there is another bid on its way , page-17

I am sure this is institutional buying to deliver into the current offer. While there is still uncertainty, they are getting a bargain. Expect the price gap to narrow closer to the time. They will deliver into whatever is the highest bid. They will almost certainly support the current deal in the event of nothing else coming through. Shareholders will have to decide to unlock their value with the consortium or jump ship - simple! My guess is they will want a strong move post takeout to raise further funds in the top company to be listed in Shanghai. For me I'm sticking with the majority of my stock. I don't see it as a sell out but rather an underpin.