Simple strategy I guessThey have a need and see perfect storm...

Simple strategy I guess

They have a need and see perfect storm conditions to satisfy their need
Offer less than half what the company is worth. IMO
Spend another 20% or so on acquisition costs to grab the shares off the nervous or needy holder
In that engage the professional cappers to contain the SP

Upshot if successful they get the company and its assets well below it's true value

I though hold on to hope another org will see through all that and do away with the unjust bid

or

the independent valuer if they truly are independent and my view on the worth of bow is right make it clear to the board they are mistaken, the company is worth more and recommend to pull the acceptance

I was always long with BOW as I am sure most were or are. I wait and also have some of tui's goosebumps
Corporate jostling with little respect for the shareholder. It flies in the face of what is right. I won't use the word unethical. Doesn't mean I won't think it until and if facts prove me wrong. then I would withdraw that thought
and apologize but until then Patience is my path

Good luck whatever you choose to do