I find the following interesting
From NDO's 04-08-14 release to the ASX
"BCPE’s Offer is not conditional on due diligence or subject to a funding condition."
link
So no due diligence required upon announcement of the TO
However, according to NDO's response to the ASX Aware Query, prior talks with BCPE were informal and lacked certainty.
link
Doesn't quite add up to me.
Ann: Response to ASX Aware letter, page-9
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