It looks to me that COP initially intended to do the right thing, sell the asset and issued a PE notice to FAR. Then got advice from WPL on how to circumvent this matter, based on their legal advice, in this case by selling the company containing the asset. Subsequently COP did not wish to talk to FAR anymore. Not sure if this goes down well with the ICC. If this goes pear shaped, WPL lawyers would have a case to answer.
FAR Price at posting:
7.0¢ Sentiment: None Disclosure: Held
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