KKW Just read your post from last night. Unfortunately I feel...

KKW

Just read your post from last night.

Unfortunately I feel WPL would get control of FAR at bid of between 20 to 25 cents, a knock out bid so to speak.

But it pretty obvious that FAR has a Sugar Daddy option already on the table.

So I wouldn't sell until the final moment as if WPL bid.

Such a bid would be via an on market cash offer and if you sell that is the maximum price you get even if WPL increases the price later due to rival higher offers.

Basically WPL needs to get above 50.1% ASAP for control of FAR and stop FAR Sugar Daddy option coming into play.







WN,

The DJ issue has to be looked at as well and way before end of October and I am certain that will be a factor in the PE deal with other majors or (who knows) WPL?

We know that WPL is not likely to let go without a fight.

Do you see a possible hostile bid and in your experience, how long does that take to finalise? I know your gut feel was 24c but that was before the 14% upgrade; any guesses?

KKW