interestingly, the article, whilst appreciated, claims it is an"Exclusive".
how is it "exclusive"?
hands up all s/h who were not aware of the Petro/Wcl situation?
So now the article is claiming the parties are "planning an announcement before Christmas or early in the new year".
so the 9 days provided to the bidder for extra d/d and negotiations expires by this Friday 21 Dec 2012.
so that only leaves 1/2 day to announce the bid IF it is to be before Xmas - Monday 24 Dec?- because ASX closes early. 2.10pm
You gotta wonder - do they (LNG/HQC/Petro) drag it out from Feb to now, with the intention of making any announcement over the Xmas - New Year break? Everyone is away, so not much attention would be directed towards a WCL t/o? not many competitors on deck to consider any competing approach? although, one would have to think that if a competitor was interested, they would already have their tactics/plans already established.
cheers
WCL Price at posting:
39.0¢ Sentiment: None Disclosure: Held