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By offering too low a price, the consortium has failed in its bid to achieve 90% acceptance. This is what happens when you make an unfair and unreasonable offer!
2024 has ended and surely they have a P&l by ready (not audited) and they know the profit for the year.
Just add in a dividend into the offer price will generate plenty of goodwill to push over 90%.
It seems like they weren't genuinely interested in closing this deal quickly. RM11 offer was weak. No amount of cajoling/pestering from IBs is going to convince the holdouts otherwise.
