Ann: Non-binding indicative proposal to acquire Link Group, page-85

Takeover offer at $5.38 minus $50 million and PXA shares. LNK share price speak for itself. INSTO don't see LNK accepting take over offer after rejecting a higher offer earlier.
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Let us get real. LNK management is sitting on 7 figure salaries. Do you think they are stupid to throw their job away and become unemployed. Looking at what they achieved at LNK, only option for them after leaving LNK is Coles Shelf Filling Job. Sadly that is hard work.