Steve Mercer has been in the UK and the US for the last two weeks. Probably getting a pitch from the short list. SM will come back, put the options on the table, make an argument for which one he thinks is the best, and then the board will hash it out.
Unless: They think they can get MORE from their shortlist. kind of like trading off prospective employers' offers against each other.
All it will take is a phonecall and a fax of the signed acceptance, then a release to market...
TIS Price at posting:
68.1¢ Sentiment: Buy Disclosure: Held