I expect that the board will try to obtain an increased offer (e.g. $1.45) and therefore oppose the current offer as being too low. I expect WES will increase the offer. If the board opposes the current offer and also a revised offer, then I expect the board will be removed - the major share holder (SOL with 19.3 %) has already accepted the WES offer after, it seems, considerable negotiation with WES. I doubt that the SOL board, and many other shareholders, would be pleased with the API board simply rejecting the offer.
Regards
Old Fisherman
API Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
