Ann: BPT: Counterproposal to acquire Warrego, page-47

Re who will win the bidding war, logically it will be won by the player who WGO is worth the most to. So for example, Hancock may like to buy WGO but they may judge that it's worth x to them. BPT may calculate that it's worth x+1 to them due to synergies etc with proposed infrastructure so then logically they would be prepared to pay more than Hancock to secure control. Similarly, STX may calculate that it's worth x+2 to them due to cost savings and synergies so then they would be prepared to pay more than BPT etc.

My gut feel tells me that WGO strategically would be worth more to BPT and STX than to Hancock but I may be wrong on this.

GLTA & DYOR