RE:Look like CRH VOTEOnlyOIL wrote: May not be in favour...
doubtful - financing is in place and CRH shareholders received an 80% premium (I was one of them)
the NR also cites the following covenants and provisions which would make it hard for another bidder to emerge and become successful (if WELL can match any offer, why bother bidding?):
The Acquisition Agreement contains certain customary provisions, including covenants in respect of non-solicitation of alternative acquisition proposals for CRH, a right to match any superior proposals for WELL and a termination fee of $10M payable to WELL in certain circumstances.