At least we know that CERCG wasn't buying on-market above 83c...

At least we know that CERCG wasn't buying on-market above 83c (i.e. MIN bid).

"3.8... the Bidder does not have a relevant interest in any AWE Shares..." (p.29 of Bidder's Statement)

Potentially another party has been accumulating a stake in AWE, with BPT regularly mentioned as a possible suitor.

If so, as the bid price cannot be lower than price which the bidder paid for a target security within the previous 4 months, that "suitor" would presumably need to bid 86.5c plus (assuming it was the large bidder at that price).

DYOR