Lakeside Steel Inc V.LS

aticle

[stubbs]

I read this statement from a Steel business site...wont name in case I'm breaking some copy right rules.

Lakeside Steel is expected to release more information this week – perhaps as soon as today - regarding an as-yet unnamed entity’s $77.5m offer for all the company’s common shares.

The Canada-based tube and pipe producer announced December 20 that it had been offered $77.5m for the company and established January 9 as the date by which due diligence must be complete.
 

My point of posting this is maybe we wont have an update today as it is just a deadline for DD.  However one would expect an update to a deadline of this importance and influence on the share price.

Stubbs

[glorieux]

I called the company after the market closed and was told they were working on a NR but that it would probably not be ready till midnight.  I did not ask for any other info but thank the person answering the phone.  My impression is that they are working hard to put the paper work together and we should have a formal offer tomorrow am before market...but that is simply my impression of a