3.52pm: Broughton's QC says: 130 parties were approached by the board in regards to takeover. "It was a thorough and well thought through process". He adds that the Meriton offer only came in once they seen the bid by NESV. Meriton's original bid was "significantly less" than NESV. He also says that Mill Financial wanted exclusivity, which was prohibited under the rules of the RBS agreement. Quality - its getting better