a market bid, an increase in consideration is not passed on to...

• a market bid, an increase in consideration is not passed on to those who have already accepted the bid.

The above quote from the Australian Government takeover panel.
This surprised me because I thought if a bid was increased, those that had accepted a lower price were also entitled to the increase ( subject to a time limit )

One other thing which PA holders may not know.

If elders gets 90% of the PAs they can compulsorily aquire the balance.
So they need 1,350,000 for this to happen.

From tomorrow onwards there may be quite a few sellers who have been waiting
so as not to have to book any capital gain in this financial year.

Im holding my PAs for the present and will see what happens over the next few months.
I just hope enough PA holders remain (with 150000 shares ) to block Elders from compulsory acquisition under the 90% rule.