My view is that BPT made the low ball bid to show tWGO it is...

My view is that BPT made the low ball bid to show tWGO it is serious especially outlining that the bid could be unconditional on Monday.
BPT are liking negotiating with WGO BOD to agree a takeover price that they will recommend to shareholders with the position agreed before ASX opens on Monday.
Will be interesting to then see if MinRes, WPL, Mitsui or any others enter the bidding.
If STX do not counter the BPT bid I expect their share price to rally because they are the next target.
Hopefully I get a takeover price closer to real underlying value unlike what I received for AWE.