Be interestng to see how UBS and Alpine direct their around 7%...

Be interestng to see how UBS and Alpine direct their around 7% and around 5% voting power -(together they get to over 12.5% which is half that needed for a blocking no vote) it might be that they are looking to block with a view to making some quick money on an increased offer perhaps after a no vote. They would both have the ability to trade off market after the vote take place and before the record date.

But its also possible they may be working with WES somehow avoiding the 'associate' restrictions. I don't think they should be able to legally, technically, because they'd have a contract even if it wasn't signed (could be different in a takeover versus scheme of arrangement scenario with respect to contracts), but I still suspect they'll have some loophole.

Best case, unlikely scenario, in my opinion is that are working with another bidder that hasn't come forward and won't because of the lock-out provisions until WES is unsuccessful.

The recent market macro sentiment for lithium favors opportunistic takeovers currently though.