They have 21.2% locked up

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bananaboy

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They have 21.2% locked up

posted on Jul 02, 2010 08:57PM

They have 21.2% of SPQ shares locked up. They need 50.+%. Which means if they fall short of that number this 19cents offer is withdrawn; after that they can walk away or come back with a better offer.

Since they will no longer be 'bidding', could they go ahead and legally buy shares on the market if they don't get enough tendered to their offer?

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