Dec 6 (Reuters) - MNF Group Ltd MNF.AX :
* UPDATES ON REVISED TAKEOVER PROPOSAL WAS BY SB&G
* BOARD BELIEVES COMPLETION OF MNF AGREEMENT WITH INABOX PROVIDES MORE VALUE, LESS RISK TO INABOX SHAREHOLDERS THAN REVISED SB&G PROPOSAL
* MNF BOARD INTENDS TO STAND FIRM ON ITS CURRENT AGREEMENT AND DOES NOT INTEND TO INCREASE OR IMPROVE ITS OFFER