Haven't read the pages of drivel on here but in my opinion the non binding conditional offer was leaked on purpose.
Why?
1. harbour wouldn't go higher
2. As above failed they have leaked and hope that another major will come in with a bid not to miss out.
3. It's rare a TO of this size is leaked and a follow up offer happens.
Investment banks often leak to drum up interest once all else fails.
All my opinion of course
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.