FAR 3.03% 51.0¢ far limited

Phillip's PE squared conundrum, page-28

  1. 189 Posts.
    I think it's obvious - FAR would have told WPL long ago about their expectations as to value, so WPL know that a low-ball bid would not get up, and they know that Farjoy holds the blocking stake, so it would be a train to nowhere if they attempted to make a bid at this stage.
 
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