Ann: Recommended acquisition of AWE by Mineral Resources, page-20

http://www.theage.com.au/business/energy/mineral-resources-to-acquire-awe-20171220-p4yxxv.html

"CERCG still has the opportunity to put in a counter-offer, although, despite the Chinese state-owned firm's aggressiveness in its original bidding, sources close to the company believe it is unlikely.
"This has been a learning experience for CERCG as to how Australian law and takeovers work," a source familiar with the process told Fairfax Media.
"AWE worked with companies to improve their bids, but engagement with CERCG was difficult, and they had issues working with them to see value.
"If they had tried to work cooperatively with the company maybe they could have had a better outcome and justified a higher bid."