After reading both offers, the Centum offer is far superior at 75/- than the 70 + 15 offer by the Robinows. The hoops, terms and conditions behind the 'additional' 15/- offered is dependent on many factors NOT in control of the shareholder who 'gives' up his shares.

I hear that a bid of 80/- has been made. Can anyone confirm?

The legal battles begin.
http://www.bloomberg.com/news/2...bid-is-disqualified.html

Seems Vania investment pool reactively put in a bid at 80/= after Feb 28 deadline which CMA has rejected. They are promising to go to court...

What of Centum who also submitted an offer after the date? Or maybe their variation notice was in just at the nick of time cautionary announcement

From 40/- to now 80!!! Kweli those whatever brother wanted to take this gem for a song. Kudo to WWW.Bid. ... CMA should let the highest bidder ;)

Totally agree with you @hisah. Why stop a stock from trading. Who are they protecting and what is the purpose of a stock market? you invest in a stock in the hope that something like this(takeover/buyout) happens and therefore you reap the rewards when you sell in the open market or whichever way you chose. But stopping it from trading is just plain ridiculous. A share should only be halted for a few mins or hours when there is pending news or announcement, imbalance or unusual activity. We should petition the CMA because this is so 1920 and to me it is corruption.