Acorn, EVERY word that has been posted in the last month has been the poster's OPINION. NOBODY has been given any information and that is why all the speculation. We have not been COMMENTING we have been giving our own personal OPINION. You can agree with it or not, but, it will not be proven to be right or wrong UNTIL we do get that information. Please understand that.
Agai, my opinion, why they did not accept any offer and then do a substantial CR was a master stroke. It shows all (not if, or any) interested parties from the opening of the data room that BPT is not dependent on offers YET and that will show those parties that they will need to do a deal that suits BPT and not from a position of complete financial domination. ICN will be the beneficiary of any of those negotiations, and another reason why BPT won't be in any hurry to announce any such deal as it puts a price on 855 and plays right into ICN's hand.
And, why wouldn't IN be "negotiationg" their own equity deal for 855. ICN holds 33.3% of the upper section of 218 and wouldn't that be a negotiating "tool" betwen ICN and BPT. They would only have BUY to deal with and we all know how BPT deals with small players.
But, good start to the week with nearly 11 million more on the buy than the sells.
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