If I am TTS, I would grant due diligence to Pacific since they are close to the current bidder. If after due diligence, Pacific may even up their bid after looking at the book. Why shut off an interested parties only because they are a few cents away. Moreover, Pacific is offering CASH of $4.21 unlike TAH.
We may not even get $4.21 if TAH share price drop before the merger.
cheers
News: UPDATE 2-Competition ruling could resolve bidding war for Australia's Tatt investors, page-5
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