Post by
ardvark11 on Aug 29, 2013 11:13am
Leak and Timeline
The trouble is is that the cards have been shown and it may have not been the case with the negotiations. They were probably not complete or if they were a board meeting was not held to approve the offer. It is possible that the offer had been made and that is why the news was leaked. Maybe in the mind of some of the employees of the acquirer, done is done. But Novus needs to have a vot to make it legal from a shareholder rights point of view. I would say that if they need a vote, it will be done over the weekend to bring the board together and then we hear something on monday AM. The board meeting for yanchang was heald on Aug 12 so you would think that they have approved this a couple of weeks back.