RE:RE:Ferret is Wrong, Naka is RightHere is the news:
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May 28, 2012 Ithaca Energy Inc. ("the Company") (AIM:IAE)(TSX:IAE) announces that it has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the Company. As previously announced, the Company received, initially, a confidential, non-binding proposal to acquire all of the outstanding shares of the Company and, subsequently, a number of unsolicited approaches from third parties.
The Board has concluded that continuing the current process at this time was unlikely to produce a transaction with financial terms that properly reflect the value of the Company, particularly in light of the current volatility in global markets and the short term softening in Brent crude prices."
https://www.ithacaenergy.com/media/news/corporate-update