PPHave the response from Gunns. Existing Terms include Step Up...

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    PP
    Have the response from Gunns.

    Existing Terms include Step Up so we are ok with rejecting re-offer.

    So there are 3 options coming up

    (a) Gunns issues exchange notice
    (b) Gunns pays step up
    (c) Holder issues exchange notice

    So in summary sit back and enjoy (a) o (b) with (a) being likely option
 
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