Coeur needs it's own Board approvalAt the moment Coeur has a share outstanding cap at 300million The shares outstanding including the 12million printed for Orion stands at 265 million outstanding.
There is no SEC filing of the Board approving any raising the 300mill share cap -YET
IF Coeur gets out bid at 30.00 or doesn't get 50% of Board Coeur walks wit 178million
and Orion doesn't get its 75% of spread, about 140million.Thats incentive