What is annoying is that the SC policy has been known for some time. These companies- NTPC and GMR- said they were bidding up until Friday, and now kaput! Itseems more like game-playing somehow. Also, perhaps saving face for the company that said the assets weren't cheap enough.
I don't think MTE is in the food bowl, but the pullout of these companies affects all coallies looking for bids.
No position on MTE, holding BND (rats).
MTE Price at posting:
92.0¢ Sentiment: None Disclosure: Not Held