Because this is market sentiment at the moment.
Before the whole world fell in a heap, do you think this would not be trading 2.50+ now?? Easily!!!!
Its a cash bid, but naturally when there is so much fear and pessimism in the market no one will pay the price on market.
Many who are way ahead are selling and buying something else instead of waiting.
Besides there has really been no news yet, but ultimately this will either attract another bid or be gone at 2.50
MCG
macquarie communications infrastructure group
