As others have said, all this increase does in Australian terms...

As others have said, all this increase does in Australian terms is make back some of the gap lost due to the increase in the Aussie dollar recently.

On April 1 the offer was US$1,206 or approx AUS$1,750.

New offer is US$1,386 or AUS$1,726.

So all up Australian shareholders are 25 million worse off since the deal was announced, even with this increase.

Now for debt purposes for the company it is a good deal as a lot of debt is held in US not Aus dollars.