I think Gina has played it brilliantly. Imo she is playing/taunting twiggy, 2 pips higher than his purchase price. Basically force twiggy to make a higher bid and profit or she buys ago without overpaying too much. This will end up higher imo, question is who makes the final offer and how much. If twiggy offers 5 to 5.5 I think Gina will let him have it.
Ann: Replacement Bidder's Statement, page-36
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