TSX:ONR.UN - Post by User
Comment by
Golongagainon Jul 03, 2012 1:18pm
382 Views
Post# 20077868
RE: GOLONG says . .
RE: GOLONG says . . Open Range has agreed not to solicit or initiate any discussion regarding any other business combination or sale of material assets. Open Range has also granted Peyto a right to match any superior proposal and has agreed to pay a termination fee of $5.0 million to Peyto in certain circumstances, including if Open Range recommends, approves or enters into an agreement with respect to a superior proposal.
Right there, PEY is willing to pay MORE for ONR, knowing they are stealing it in this down environment.
C'mon Scott., grow a pair and SQUEEZE these guys a bit!
I LIKE PEY, but this negotiation imho is a Cluster F**K!
Best GOLONG