Adampak

[CityFarmer]

a competitive offer is unlikely, as Navis already cross 50% the mark. So long as Navis does not want to sell, the competitive offer can only be a minority shareholders at most. What's the point for such competitive offer?

It is a logical statement by freedom. This is base on the assumption that Navis "die-die" want Adampak, even there is a big immediate gain.

Let me give an alternative view.

3rd party come in, with a much higher offer, and manage to collect substantial in %, although impossible to cross 50%.

Navis's think tank do all the math, suddenly realise that it is more beneficial to exit and pocket the delta. Navis accepted the 3rd party offer and exit. Those not accepted by previous Navis offer will benefit as well.

sound logical as well?