The official clock potentially comprimises Teck's "tax efficient" buy out plans.

Revenue Canada is the big pissant Teck wants to stay clear of, and CF might be accomodating to Teck in this regard, for another 49 days or so...

======================

If Teck decided to do the full buyout, the Liard shares would be transfered back to Teck - where is this tax issue?

You give something away you incur a loss (reduced taxes), and if you get them back again there is no net gain - where is this tax penalty anyways?

They are not selling the shares to us. Please explain...

And the legal costs to transfer them to us and then we transfer back is not significant in the whole scheme of things. Seems to me a bit weak for this to justify anything...