Big Week?, page-261

As I suggested a few days ago:

Now that CNE seem to be out of the picture the only impediment to WPL closing the deal is FAR's PE rights which seem to be under dispute.

Given that potentially WPL could walk away with nothing should FAR's PE rights be established, this puts WPL a position were they would need to be confident of their position. I wonder how confident they are?

This could be a big risk for them.

Of course they could make it all go away by a TO of FAR.
No other party would bid because of the uncertainty?
WPL could afford to bid over the top as it would give them certainty of COP's 35% plus WPL gets an extra 15% as well. Pretty attractive??

A 1:50 scpipt deal would do it for me! WPL would still have have got 50% of JV plus DJ GB etc etc on the cheap.
Could WPL imagine losing the COP deal to FAR's PE and then Far doing a deal with a third party, Total Exon etc.
This is one case where I would not be sparing the lawyers.
Did someone say the shorts are decreasing??