I'd say the board and TPG are on the same page now. If you read the release it is subtly worded to warm to the offer, they didn't have to mention the franking credit value assigned to the dividend, for e.g. NCM didn't in todays release and that deal is done!
Easy money here on the arb imo
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News: IVC UPDATE 1-TPG Global's $1.2 bln bid for Australia's InvoCare falls through, page-11
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