Tui,That would be a satisfactory result, and I agree that the...

Tui,

That would be a satisfactory result, and I agree that the choice of words in both the PES case and the BOW case are strikingly similar in terms of agreeing to the offer in the absence of a better deal.

Can someone answer me this, though.

If the directors really think the company is more valuable than the offer currently being made, why oh why would they unanimously tell shareholders to agree to it. Why couldn't they come out and say "we have been given an increased offer, but we are still considering other approaches."

There seem to be a lot of people suggesting that agreeing to this offer will open up the floor to other offers, and I don't see how. Why would repeating their response to a nearly identical offer (really, 4 cents is NOT a sweetener) be such a bad tactic?