The point around binding and non-binding offers is very...

The point around binding and non-binding offers is very important. CUP have committed, but COG just tossing an offer out there and can still walk.

Given both offers include script, i think its important to consider the future state business models under either COG or CUP acquisition. The CUP business case is obvious with cost cutting syngeries plus greater scale. The COG business case less so.... They have no existing accounting/ planning business to grab synergies and only scale option is flogging equipment finance through accountants/ planners. Good luck with that...

The DVR board needs to consider this - so I reckon theyll stick with CUP.