Fibrek Inc FBKZF

FIBREK - NOTE

[modulex]

I wonder why a company that is a takeover is not being automatically purchased on the basis of the highest bid received, rather than on the basis of a percentage of shares tendered.  It makes no sense to deprive shareholders from receiving the maximum value for their shares.

I wonder why Abitibi (Resolute Forest Products) is able to extend it's offer for the eight time, without being compelled by regulators to increase it's offer in order to finalize once and for all the said transaction.

I wonder why Mercer has not already been tendered the required 50.1% Fibrek shares.  Steelhead Partners, if faithful, will tender once the winner becomes official.  Abitibi (Resolute Forest Products) seems unable/unwilling to increase its $1.00 offer perhaps because it holds a lock-up agreement with Fairfax, Pabrai and Oakmont.