'Many suppliers are not happy selling out to and supplying a...

'Many suppliers are not happy selling out to and supplying a foreign take over, they prefer an Australian owned merger'

In that case, unless MG can work some miracle, the BGA offer is the only realistic alternative.

The fact that MG didn't up their bid yesterday is significant. I think they're coming to realise that whatever they bid, the length of time reaching a regulatory decision and doubts about what this might be, means that the issue will be decided beforehand.

A problem for BGA is that any arrangement with MG will attract the attention of the ACCC again.

I'm seriously thinking of taking the BGA offer and the risk of their share price falling.