Yep, absolutely.
And assessing a "superior proposal" can also include non-cash factors such as payment timing etc. Also comparing a cash bid vs a scrip bid.
Also, it is possible for WGO board to recommend a bid, but not accept for their shares. Ie if DD wanted cash, the board could recommend STX as superior, but he could say he wants cash, and he could say he will accept Hancock bid. All sorts of possibilities.
WGO Price at posting:
31.0¢ Sentiment: None Disclosure: Held
