RE:RE:Do they accept $2.10Quantum, IGG does not have to accept the $2.10 offer.
AYA is not tendering, rather they have a support agreement with Pollard for the proposal. Pollard could go for a hostile takeover if IGG does not agree to $2.10. But they would need enough support from other shareholders to win it. The other possibilities are, a better competing offer, or Pollard ups the offer price.
The press release indicates the conditions that allow termination of this support agreement....
"may be terminated by Amaya in order to accept a proposal superior to the Proposal, subject to Pollard Banknote's ability to match any such superior proposal"
"requires that any acquisition agreement entered into between Pollard Banknote and INNOVA in connection with the Proposal include customary "fiduciary out", "right to match" and termination provisions"
"may be terminated by Amaya if Pollard Banknote has not entered into an acquisition agreement with INNOVA or commenced a formal take-over bid that has not been withdrawn prior to May 8, 2017"
IMHO...this deal will not happen at $2.10.