beach reserves right to waive defeating condit

from todays BPT 5.33 pm anouncement.

"Beach wishes to clarify that should Drillsearch issue shares under its takeover bid for 3D Oil, this will trigger a defeating condition in respect of Beach's conditional takeover offer for Drillsearch. Beach has no present intention of waiving this defeating condition." Beach advises that even though it has no present intention of waiving the defeating condition, it reserves the right to do so.

DLS will takeover TDO and BPT will takeover TDO.
see my earlier post,