However, I do not understand how PCL can get a better deal if WDS decide to farm out part of their 56%. How does this in any way involve PCL?
WDS as far as I know can do what they want with their 56% without PCL involvement in any way. Depends on whether special clause in agreement but seems unlikely as WDS had a strong hand when the agreement was made.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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