Watch the trades today on XIP, its the accumulation...

Watch the trades today on XIP, its the accumulation continuing.
Chomps at $1.92 about $70K worth just after 10:15am.

Don't think QIP could do much more and why would it have to? XIP board saying QIP is still the better offer. Why would you bid against yourself?

Perhaps XIP is wanting IPH to increase its offer, however, IPH and stock analysts have always claimed that they are the better offer (financially).
If discussions between XIP and IPH, then XIP board could propose an acceptable price that they would vote in favour, and give some of them new roles after the takeover. But then what about the $4 million in cost savings IPH said that it was going to bring to XIP.

At this moment, the IPH offer values XIP at $2.02, and the QIP offer values XIP at $1.67. About a 21% spread.