I would expect WHC management to be investigating the sale. Regardless of whether BHP and Sumitomo go JV on it.
Who knows, Paul surprised us before. Maybe he'll do it again.
Either way, I will back him. He's shown capital discipline and a master class in acquisition funding structures.
I would caution against overleveraging while we digest BW&D, but I think the BOD know a bit more about how to run a business than me.
Let's see how it plays out, remember how long it took from the rumor mill to the announcement that WHC had bid for BW&D? We could be waiting a while. Lets see.
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