NST Bid Foiled by the market, page-10

From EAR's announcement on 23 September titled 'Statement re Northern Star offer going unconditional':

As noted in the Target's Statement and particularly to the frequently asked questions in Section 3, before considering whether to sell your Echo shares on market, you should consider the implications of this course of action, including that you would not receive the benefit of any increase in the offer price for the Northern Star Offer that may emerge (although no forecast is made of whether that may occur).