CNP would be assessing bids and would not commit until all had been assessed fully - if there are 5 definites - as per Wall St Journal web-site, the price would definitely be expected to go up and indeed I like the suggestion that CNP leaked the bid price and let the press and speculation do its magic - has a certain consistent ring to it when you consider how they handled :
1) Confirmation /supposition that bankers had extended time 2) the discharge of the Pelorus meeting
they let the press do the work without needing to release an ann which would commit them to something.......
Not conspiracy theory - just a very clever manipulation fo the media
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
