WPL announce,ent, page-69

Although FAR looks easy pickings WPL would be in no rush to pick them off.
Its common knowledge if a J/V partner cannot meet cash calls they need to surrender whatever percentage qualifies to meet that cash call.
CNE on the other hand are in the process of using their undrawn facility to meet their commitments.
CNE would rather plug along till things are better before unloading any of their share and that's where WPL will stand up to increase theirs, probably from CNE.

Those who think if any takeover happens sooner are kidding themselves at premiums of 300%
If anything I see 2 cents maximum in this environment.
With finance looking sick FAR will be hanging on and hoping by June things look brighter.
Meanwhile PC will be watching on and having a giggle.