drop-dead date, page-3

I noticed BG directed their do not do anything yet to the PES directors as well as shareholders.

I guess one of BGs fears would be that a couple of big holders eg PES directors decided to take the AOE offer immediately - which would likely cause many smaller holders to either follow suite or to hold out.

Remember holding out is a pretty serious option for the longterm PES investor, as their will likely be no compulsory aquisition. It is rare to get the opportunity to invest in growth assets alongside the likes of both AOE and BG.

EL