Just musing, but reading some of proposed merger agreement...

Just musing, but reading some of proposed merger agreement clauses makes
me wonder (given the fairly lengthy completion dates-mid June 2019)whether
this is "not the end game" but merely a bait for a bigger fish.
eg
"The Merger is unanimously recommended by the Board of MacPhersons in the absence of a superior proposal and subject to an independent expert, to be commissioned by MacPhersons, concluding that the Scheme of Arrangement is in the best interests of MacPhersons shareholders".

The Merger Implementation Agreement has lots of "outs" and IMO
this is very far from being a done deal.

Ashok Parekh is well known in the Kalgoorlie goldfields and is a canny/astute
businessman over several decades-fingers in many pies.Many of the "outs" in the
document would have been IMO inserted on his say so.

So personally I would not be surprised if this proposal doesn't reach its
full conclusion with another "bigger" party coming in over the top(likely
the real intention ?).