RE:No news is good newsI think talks are gonna be really really slow. My theory is the offer was made before the crash of the CHR stock price and is still valid though non binding. Thus they're not in a hurry to close.
Does AC have anyone on the board since they hold such a large stake in Chorus ? if so they would know and it's probably not strategic. If not then it could be strategic.
I mean the Husky acquisition by Cenovus took years to hash out.