MKS OwnershipI believe by law MKS are allowed to purchase up to 9.9 % of PHO shares without letting telling anyone. Once they hit 10% MKS has to declare this to PHO BOD/Managment know. Pho then has to put out a PR stating who was accumulating.
Since we never saw a PR stating MKS had acquired 10%, we can assume they owned less than 10% when the offer was made. At most MKS owned 9.9% of the outstanding shares, when the offer was made. MKS being very opportunist or predatory.
Muff