Hoping for a better offer, page-7

That dose it. I'm not accepting this bid. I agree with all the above comments.

I think Tabcorp shot them selves in the foot by announcing what they expect $20m EBITDA after synergies.

Just goes to show how cheep the Directors are willing to sell out at - but if they are keeping their jobs after the T/O then it is not a very good arms-length recommendation on their part.