As I understand it, under the takeover provisions, WGX will need to wait for a period of 4 months, should they wish to submit another bid for GCY which is less than the consideration offered previously. Needless to say, I think they will be happy to sit this out, see how the FFR integrations goes, understand if what was promised will be delivered and pick it up for a much lower value in March 2022.
I feel for GCY holders. The Board and their highly paid advisors have let them down.
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As I understand it, under the takeover provisions, WGX will need...
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