"If I’m not mistaken Wyloo needs a minimum 66% of shares to vote “yes”, with Wyloo and the BOD holding something like 45-47%. So they need another ~20%."

If anyone was wondering why the squeeze out limit was changed for 10% to 20%, this is most likely the reason.  Effectively saying to those who do want to convert shares to new Noront you better vote yes and get us to the 2/3 majority.  This is not to say you have to choose retention prior to the meeting as you actually have until 10 business days after March 14th but if the takeover vote is turned down the retention option will not be available.