Prash, the time value of money (ability to earn interest now, or...

Prash, the time value of money (ability to earn interest now, or place funds into other equities or other investment competitors such as housing, rather than waiting until June 2024), taxation considerations, possible uncertainty about the bid proceeding (unlikely in my view that it won't happen, but the show's not over until the fat lady sings as the old saying goes)...a myriad of reasons.

While not synonymous, as vastly different subsectors, horticulture's CGC initially received an A$3.50 takeover bid from Paine Schwartz that became A$3.20. Some sellers may believe it's a risk.