"Ironside bought over 200k shares knowing this deal was being negotiated,CC bought shares.Under deed of arrangement stop underground at CEB.Sorry Igr I dont think you had the benefits of Igr shareholders in mind when the deal was done."
It appears Integra were the main ones pursuing this deal, not SLR. Note that the break fee is only payable one way, and the wording in it says that SLR required it for the deal to go ahead. "Silver Lake has requested that provision be made for the payments outlined in clause 13.2, without which Silver Lake would not have entered into this Agreement;"
Also, in terms of the better offer some hope for, the break fee of 4.25m will be payable if that happens, so the offer has to substantially exceed that.
IGR Price at posting:
39.0¢ Sentiment: None Disclosure: Held