Offer Increase 21c Vote Yes, page-101

From the Scheme a superior bid is after Resapp obtains legal and financial advice.
How long does it take to get legal and financial advice?
Would Pfizer be informed before the legal or financial advice was obtained? I guess they would.
I'm sure that Pfizer could put a matching offer without Resapp having to disclose the competing bid.
Just my opinion of cause.


Superior Proposal means a bona fide written Competing Proposal received by ResApp that:
(a) is of the kind referred to in any of paragraph (b), (c) or (d) of the definition of Competing
Proposal. other than any licensing of ResApp’s Intellectual Property Rights;
(b) did not result from a breach by ResApp by any of its obligations in clause 11;
(c) the ResApp Board determines, acting in good faith and in order to satisfy what the
ResApp Board considers to be the ResApp Directors’ statutory or fiduciary duties, and
after having obtained advice from ResApp's external legal and financial advisers:
(i) is reasonably capable of being valued and reasonably capable of being
completed in accordance with its terms; and
(ii) would, if completed substantially in accordance with its terms, result in a
transaction that is more favourable to ResApp Shareholders than the
Transaction,
in each case taking into account all aspects of the Competing Proposal, including the
terms of the Competing Proposal, the price and/or value of the Competing Proposal, any
conditions, timing considerations and any other matters affecting the probability of the
Competing Proposal being completed in accordance with its terms, the identity, expertise,
reputation and financial condition of the person making the proposal, and legal, regulatory
and financial matters.