any idea why $2.60 ?, page-34

http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s661c.html

Alternative forms of consideration under takeover bid

(2) If alternative forms of consideration were offered under the takeover bid, the form of consideration that applies to the acquisition of the holder's securities is:

(a) the form that the holder elects; or

(b) the form set out in the compulsory acquisition notice under subsection 661B(1).

My understanding is there is an option to choose CASH as consideration.