I was reading about Puma's takeover of (then-listed) BP's assets in Zambia. Since BP Zambia was listed the process took over an year as Puma squared the books (verification of assets, liabilities, etc). It was a painful process with issues with the Regulators. LuSE & Zambia's SEC did not want Puma Zambia de-listed.
Anyway, I think Puma has learnt it's lessons. It is taking a slower approach. It seems to me it got involved early on in 2012 (the announcement came just after the Kenol 2012 AGM) & will take about 1 year to square it away before the final offer is made.
Coincidentally, the 1 year will 'end' after the elections which makes it easier for Puma to walk away if the idiocy of 2008 happens again.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett