if multiple parties are interested, then one of them would be...

if multiple parties are interested, then one of them would be forced to buy.

if AUT is the australian party interested in the efs, then once it does an on market bid it would leave 2 over

one USA bidder

one asian bidder

now we know one is also a JVP offer..

If AUT is the one aussie interested party, then it can immediately create a lot of stress to TXN, as the bidder have to go on market in an all out bidding war, if one a jvp, i think that one will opt out, so you really only have one potential bidder to contend with perhaps.. and no one knows how financial that bidder is , do they have a coll $100 mill today on hand to steal this asset?

we also see the directors are now reluctant to sell, they are now wanting changes in the terms of their precious options, so it indicates even if a good bid is out there, it may not suit the directors and ceo to see it happen.

games are afoot here...