subject to superior transaction or proposal

I pick this up in the 2nd page: The CBH Board of Directors (Messrs Tejima and Marks excepted due to their association with Toho) have fully endorsed the Toho Transaction. This endorsement is subject to the emergence of a superior transaction or proposal.

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" Endorsement is subject to the emergence of a superior transaction or proposal", this sounds pretty interesting.... does this mean there are a few more parties fighting it out to buy into CBH's assets or perhaps the whole company???? I smell that this is not the end yet and we might see more actions. Decided to buy another 110,000 shares at close. This one is in the bottom drawer for me.