According to PEM the talks are still an on going thing,but rather than speculate on the outcome i will wait and see what eventuates.Hopefully the manipulaters have not outsmarted themselves and driven the SP so far down that it makes any type of merger impossible.Providing the deal is fair and right it would be a good thing for both Companies.Any talk of 2 or 3 CBH for 1 PEM is absolute rubbish as far as i am concerned