IMO the takeover panel should rule in the best interests of shareholders and free SG of their best and final condition and allow them to increase the bid. It ensures this process will get finalized and holders are paid a reasonable price for their shares.
We are all going to pay CGT as a result of our holdings so the higher the price the better the outcome for the Aus government as well.
Ann: Variation of Takeover Bid, page-43
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