Any takeover will do, just need the games to begin.Weird...

Any takeover will do, just need the games to begin.

Weird situation, price going up, no bid on the table. Something has to give very shortly - like an actual offer.

What are the rules after a bid is tabled? my understanding is that IRN can tell Xstrata to bugger off (and LST). Can't wait to tell LST to get stuffed (Directors need to be hung drawn and quartered before they do anything else - they are a disgrace and ACCC should investigate their business practices IMO).

Is it right that due diligence will be followed with the suitor until it falls over, meaning that a second bid does not come into play?

I'd like to understand the rules of engagement in the war room.

Is there room for a bidding war?

Thanks
Phil