Given the Board has decided to engage with Carsome on the revised offer, and the fact the share price has traded below the offer price at all times, I think the price should move up closer to the offer price range.
But, the market does have it's own mind...
"The Independent Board Committee has considered the Revised Proposal and determined to continue to engage with Carsome in relation to the offer price and to negotiate binding transaction documentation. Accordingly, the parties have agreed to extend the Exclusivity Period under the Process Deed to 30 October 2021."
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