RE: Sumo Counter Offer ??27 Jul 2021 21:06
Found this paragraph "buried" in the formal offer document
If, after the date of this Announcement, any dividend and/or other distribution and/or other return of capital is announced, declared, paid or made or becomes payable in respect of the Sumo Shares, Tencent Bidco reserves the right to reduce the offer consideration by an amount up to the amount of such dividend and/or distribution and/or reduction of capital so announced, declared, paid or made or which becomes payable.
This could be behind the price differential