Ann: TOV:WGX Panel Receives Application, page-14

yes

as I read it .....the due diligence by both - a long period btw - was in order for either a takeover , or more likely IMO a merger .
(I bought some WGX a while back anticipating this and have talked it up many times here .)

as I read it ...the detail of the agreement between WGX and Karora , RMS view as a breaking of their standstill agreement with WGX and not fair dealing by WGX

RMS want the break fee - which if RMS took over WGX would effectively be a cost to RMS - reduced
and that WGX be more honest about synergies iwht Arora to their shareholders .

...but the cat IS out of the bag - RMS are interested in WGX ......hence the rise in WGX sop and drop in ours
an obvious way to have multiple more hubs not just one and gain scale as well
WGX crying out for better oiperational management IMO

possibly , WGX management attempting to imnpede that interest by RMS