well, well, well - ago takover offer for frs, page-24

WNI is in a similar position to noble group when Exxon made a bid for TTY. i.e. they had a large percentage of a company that they have paid a higher price for. They will not likely let FRS go easily imo and that would also be good for the BRM share price ( as well as FRS of course ). BRM almost needs a sweetener from WNI to FRS holders for the market to be assured their plans for a larger IO company still make sense.

WNI may have stuffed this up... But unlikely they will fold now. FRS a BUY and BRM likely a buy once selling pressure has eased.