Ann: AVL INCREASES SCHEME CONSIDERATION TO BEST & FINAL PROPOSAL, page-28

makes sense that some valuation models have increased by 16.5% when the offer was increased by 16.7%.

the other way to help push this over the line would be for RCF (or other interested party) to start pumping the AVL price making the $ value of the TMT deal to appear very favourable on paper. Once the deal is done then back to fundamentals.