LOL!!!
That clause covers DM in this contingency agreement in the event EDIG receives a tender offer, sends out a proxy vote, and the share holders approve it. It's real simple.....
If EDIG is NOT purchased, DM carries on with round III, IV etc, with the 60/40 deal, but if that changes and someone offers $7/share (sorry..lol), DM gets what that clause covers, and I assume that means the share holders get what's "left over."
I don't recall anyone interpreting the net result to us, if this should happen, but how else could it work?
Anyone care to hazard a guess?
Oh heck, make it $21/share and lets get the heck out of here...lol.