I think this is a done deal.All the acceptances will come right at the end.
BILL seems to be growing rapidly,with EVBG forecasting eps of 5.3p for 05,doubling to 10.5p next year..and thats without the UCL contribution.
Interestingly buying UCL now at 108p is equivalent to buying BILL at 78p based on 1.385:1 ratio.On that basis you are buying into a fast growing company at a multiple of just 7.5...which looks dirt cheap.I havent calculated the dilutive effect of the new shares but dare say that will be compansated by the UCLs earnings.
Opportunities like these come rarely imo!