Can anyone explain were this company is heading. Is it time to bail out with a merger or will the share price keep diving?

As IAL shareholder do I have to do anything to approve the merger and to have my shares converted into Millfield shares.

Oakesapples mentions a EEN consolidation letter? I have note received this from my online broker.

Thanks

thomsonrj - I confirm it was a consolidation letter on EEN not IAL - What we need is for someone with better understanding to read the very long merger announcement - RNS 6 Aug - and help us understand. I possibly wrongly thought (see series of earlier posts) we would get 1.25p or 5 for 236 Millfield`s

big buying once the OFFER price dropped.any news?

I doubt there can be news - buying at .60 and a little higher has much attraction provided the merger goes through. Got my consolidation letter to-day but it adds nothing to what we already know