activist challenges roc merger, page-7

What's the point?

Answer:
"Mr Marais, of Allan Gray, which is Roc's biggest shareholder with a 19.9 per cent stake, has been sounding out replacement directors to offer up should fellow investors back his bid to overhaul the board.

Mr Marais said he wanted to give the board - including Roc chairman Mike Harding, chief executive Alan Linn - and its advisor more time to reconsider and put the merger to investors for a vote. But he was planning to lodge the paperwork this week to call a vote on the board revamp."

So the point wilto is to stop the merger thereby stopping the destruction of Roc investors savings but you know that because you read it above and since you are a HZN holder you should avoid the obvious conflict of interest you have in pretending not to know that point when you advise ROC holders it is too late or in your words:
What's the point, it's old news.