Ann: Update on non-binding indicative proposal to acquire Link, page-37

Today market up date makes interesting reading, the fact that the board is working with the consortium ,I find the comments below that I have highlighted in bold very interesting :

As previously disclosed, Link Group has engaged with the Consortium on its due diligence proceduresso that the Consortium can develop a further proposal for consideration by Link Group. Following theexecution of a confidentiality agreement, the Consortium and their advisors have been granted accessto a virtual dataroom.

This suggests a negotiation to increase the offer from the current $5.40. Regardless the trading update and Pexa listing for next year will give momentum IMHO to drive the price above the current $5.40 offer.

Thoughts wellcome