Ann: SVW: SVW off-market takeover offer for BLD, page-25

With Zero premium, 7 offer is designed to not get 90% but the stated few percentage and is quite clear they want to get to 30%.

The reason why they are doing this is ASX creep rules which blocks them buying more on market till October.

If 7 had true intentions of T/O they would have gone to institutions for a block trade

7 will be happy for few percentage more on short term IF share price dip below $6.5 some might sell to pay tax or other needs.