It's definitely now trading with some chance of a counter-bid...
Currently $3.10, with max payoff of $3.20 in ~6m+ time, but subject to deal completion risk.
You could just put your $3.10 in a Term Deposit and have $3.20 risk free in 6m or so. Put it into a credit fund and you'd come close to $3.30, depending on how long it takes.
Ann: Entry into Scheme Implementation Agreement, page-26
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