I agree and WPL have stated they won't be blackmailed into...

I agree and WPL have stated they won't be blackmailed into taking out FAR just to avoid the possible implications of PE.

However as I posted a few weeks ago, IMO WPL have a face saving situation now, where buying out FAR simply represents good value and could avoid being seen backing down to a minnow , Instead seen as a clever move that achieves a win win situation for WPL , probably best done as a scrip offer and I doubt WPL shareholders would find much to complain about....

I think 16c would probably get a result, it's a big premium to our current shareprice but still represents good long term value for WPL...it would certainly get some of our bigger holders attention and probably an agreement , most small retail holders would trip over themselves in the rush...

IMO It would only happen if there was an agreement from the Govt that the original COP/ WPL deal would be approved under this senario.

Cheers Whisky