Yes very interesting. If we assume it is the one buyer and I...

Yes very interesting. If we assume it is the one buyer and I think we all know who and what I am alluding to.
At what point do they need to inform the market - upon settlement or do they have more grace ?

If Magna need 90% for an aggressive T/O it is currently cheaper for them to buy on market and accumulate now. With a larger holding it also means they need less shares and holders in agreeance to hit the 90%.
Also means it should be that much sweeter for those of us who "keep the faith" when the doorbell rings.