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clock Created with Sketch. 02/05/19
12:02
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Originally posted by butcherboy
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Yes, the door has been left open for other parties to enter the bidding process, it's just that management cannot solicit or entertain other offers during the Exclusivity Period. I think there is nothing stopping a 'hostile' takeover offer at a higher price. But it is up to shareholders to decide if they want to sell and at what price. Since WES currently only have 17% of the votes wrapped up, I think there is plenty of scope for an improved offer, and I also think the members of the board who have signed up would know that.in the absence of a superior proposal
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Yes correct they dont have 17% if there is a higher bid the 17% will take the higher offer - having said that WES are in the box seat I imagine they will match or better any higher offer this is different from their hostile attempt at LYC
Last edited by
h00ts :
02/05/19
