Ann: Proposed merger between iProperty Group and REA Group, page-5

Implementation deed is dated 1 november and the no shop, no talk and no due diligence to third parties has 20days to take effect i.e. 20 Nov. Up until that time a new bidder can emerge. Even after that date a new bidder can emerge but break fee applied if new offer is superior.
My guess is IPP could be useful to Google, Yahoo, or Zillow perhaps.
Interesting times for IPP and interesting structure whereby we can part ride in the newco but what happens if newco in mid 2018 gets a crappy offer from REA to clean up.