update on the deal, page-7

Hello Waiken
As always it is interesting to read your informed posts. What leads you to think another bid may occur? Is it feasible under a scheme of arrangement, where if as a bidder you don't acheive 25% of the shareholding then you are trapped into accepting the arrangement? To gain that 25# presumably the offer would have to be much higher than the Entree offer?
I assume that PMH in agreeing to the scheme with Entree spoke to the top 20 holders (if not more) sounding out their acceptance?
Their are many questions in my mind. I have held many holdings through takeovers and I have invariably held out for a better price because the bid didn't gain 90% acceptance. I haven't seen that opportunity in schemes of arrangement. (I have never seen so many squealing shareholders as UMC ones, but that deal went through). What are your thoughts?

Topped up myself last week!