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Gold/Mining/Energy : Winspear Resources
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To: .Trev who wrote (26519)8/14/2000 11:41:55 AM
From: gemsearcher  Read Replies (1) of 26850
 
I hear you Trev , but realistically , I think the game is over:

1. WSP has agreed not to solicit bids (i.e. the "data rooms" are closed).

2. DB has the right to match any competing bid - this is a killer (who would spend $$ to make a competing bid when DB's can simply match).

3. WSP mgmt have agreed to tender and DB's has a break-up fee.

IOW , IMO a competing bid between now and the 25th , while not impossible , is extremely unlikely.

Regards.
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