RE:RE:Merger priceThe proposed merger does nothing to stop any 3rd party from making a superior offer if they want to. It is complete rubish that this proposed deal will as you say, hold the wolves at bay......the PEA will explain all......unfortunately, after the deal and also most likely after the next financing
quakes99 wrote: Seems pretty clear that Dev's blog today is saying that the merger will not be killed by the current driving down of the share price, because an essential component of the proposed merger is defense against a hostile bid. To kill the proposed deal now would be the worst possible scenario as it would create even worse vulnerability to a hostile bid. It's more critical than ever that this proposed deal remains as is to hold the wolves at bay until October.
By forcing the FCU/DML share prices so low, it ensures that the proposed merger stays in place until at least the vote in October. The terms could still be adjusted, but seems extremely unlikely now that they would withdraw the proposal. What happens in October is anyone's guess, but at least there is less likelihood of a hostile lowball bid, and increased likelihood of a friendly Superior Proposal with terms better than what the merger offers.