sol takeover not fair. , page-10

Given that the trading halt went for two days and they still were not ready for the open on the following day, you'd guess that there was some pretty solid negotiation going on. One imagines that there was consideration given to all sorts of complicated schemes (including stuff like paying out some cash as a dividend before the sale), with offer and counter offer before someone eventually said "Look, let's just have a simple cash offer, but we will up the price to 26.5c" and someone else said "OK".