rab, this is not the one I read before- it's a new one, written yesterday (written by Brad Hatch). I hadn't read it until now.
http://tools.afr.com/viewer.aspx?ATL://68ae6188-c6e7-11e0-b161-9caeb38093d7§ion=tools
If you're not an online member, it may be worthwhile taking out a trial membership free.
Anyhoo, the article says Stone has sought to conduct due diligence on CRE, with a view to making a counter offer. It says that it is understood that Stone has indicated to CRE that it does not intend to accept FML's current offer.
It's a long and good article. Check it out if you can. I was in CRE, sold out too early, perhaps.
stone, page-43
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