"standard" initial announcement

After Contracting EXS,

EXS issued a "standard" initial announcement in response to the proposed takeover offer by Soul Pattinson.

In the mean time EXS' position is that shareholders should take no action...as per the initial "standard" response. (so that shareholders understand to DO NOTHING)

They will soon offer a formal Bidders Statement to the offer.

Then EXS will also issue a "Target's Statement" in terms of formal response to the offer and the Bidders Statement,

I would say that it is within this Target Statement that EXS will highlight to the market what the companies fair vaule is and why....