RE:RE:RE:RE:RE:PD board, please walk away from Trinidad bid.Barring unforseen events sure looks that way as Precision's President and CEO Kevin Neveu has already stated that they will not increase their bid -from their Nov. 8 news release:
"As previously stated, despite the current equity market volatility, we continue to fully endorse this transaction, which is also supported by Trinidad and its board after conducting significant due diligence on Precision and our combined businesses. We believe the agreed ownership split of 29 per cent of Precision shares to the Trinidad shareholders is fair, and the value creation opportunity is exceptional. As such, we are firm on our current offer and will not increase our bid," concluded Mr. Neveu.