would have thought magna would be snapping up the options if...

would have thought magna would be snapping up the options if they ultimately want to effect a takeover.

Why? There are no voting rights for owners of options. It's the fpo they need to effect a takeover. Options only account for approximately 25% of total shares on issue.

Last annual report will show who the option holders were at the time (close to a year old now so may have changed a bit). Appears to have been well spread with the biggest holder having 6.15% of total options issued.