Ann: Change in substantial holding from AGO , page-5

re: Ann: GIR: Change in substantial holding f... Apart from the above comment which is more than valid the fail safe is on the off chance that a higher bid comes in ( highly unlikely considering the obvious synergies of the two companies ) , then AGO gets the benefit of an increased price on their holdings in GIR.

So in the end a win win though really this takeover is pretty much a fait accompli.

No other outside party is going to see this any other way.

I also think , though I stand to be corrected , that the selling to AGO is the Directors from GIR who have ratified this wonderful agreement.