Gordo I would be suprised if a counter offer is made now.
Tommorrow RED will indicate acceptances received and I believe it will be fairly moderate.
The 'BUYING' by ELITE seems to have dried up. Also if ELITE are contemplating a bid then the seasonal festivities will hamper to some extent their preparations... so I feel they will need to show their motives by tommorrow or at the very latest some time next week but this will depend on the figures tommorrow.
As in all similar circumstances wait till the offer becomes unconditional as I will be doing.