EPN most likely just want control, so if they get 3% acceptances...

EPN most likely just want control, so if they get 3% acceptances they can run the show, however it is clear that they will need to increase the offer to get much at all. if they do get control they would need to make the offer unconditional in order to retain those acceptances, otherwise the offer is cancelled and returned to holders.

only problem is rising AUD devaluing the NTA, however market up today indicating higher offer will be expected