Alan Gray sez 'no deal', page-5

Ha ha. You are welcome. So that we all can have an idea what price the big boys are looking at.

Previously I bet Ferro at least will increase sth like $1.75 or $1.80 because it will look like a win-win:
Good for Ferro AU MD to explain to his Board:"See? I get a better price for us this time."
and also good for BRS big boys who were too greedy in the first place in Dec 2014 :"Yeah, since your offer is at the high end of the fair value (stated in a manipulated report written by EY under our instruction) and we basically earn a Compound annual return around 11.8%(Allen Gray's return for holding this poor dog for 3 years), we are happy to say yes this time."

But God knows why the hell Ferro gave such an awkward/embarrassing/dump final offer standing at only $1.50! For the fiduciary duty's sake, the Board is forced to say rejected no matter how other big shareholders' opinions are. But clearly, Allan Gray and Invesco wouldn't be able to accept things below $1.85.

What do you think of the future for this transaction? Ferro leaves as no 50% support or forced to make a new bid as another suitor comes out and yell?