toll to put a big fight imo, page-7

Well not what the press are saying but fair enough it that's what is in the agreement.

http://dailytelegraph.news.com.au/story/0,20281,19055444-5001024,00.html

To quote:
Toll's hostility appears to be partly motivated by the fact that legally it cannot raise its offer from about $8.24 a share, based on closing prices last Friday. The bid is due to close at 7pm this Friday.