Looks like we have another participant in the tug of war that is...

Looks like we have another participant in the tug of war that is CBH. Centaurus Capital released a sub holding yesterday for 5%.
Current state of play is Toho 42%, Pan Aus 13%, Centaurus 5%.
With toho requiring 90% acceptance for full control its looking like this isn't going to happen before 7th July. Toho is more than likely going to have to extend the offer unless majority of shareholders change there tune.
I'm not 100% sure but this could mean a much longer wait for shareholders who accepted the 24c if they have to extend the offer close date.
Still a month to go so no doubt the Toho boys will be on the blower to Pan and Centaurus to see if they can twist there arms and accept.
Still a lot to play out with this one