Looks to me like PEM sees CBH falling by the wayside and picking...

  1. 603 Posts.
    Looks to me like PEM sees CBH falling by the wayside and picking up the pieces after CBH collapses... Why else would they reject the 3.5:1 revised offer?

    CBH is obviously in a little strife and PEM can stay it out for some time.

    Interesting moves..

    Cheers
    Quik.
 
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