You are correct. That is what the words say. What success has Cliffs achieved thus far with the 13c. In a week it has increased its share holdings to 4%. Does Cliffs want to spend 3 months getting a deal here. By now they know the dangers of letting the two merge. If they want to crush this they have to antie up. When you are looking at aquiring anything, once you see a competitive bid you must decide quickly how far you want to go to get it. you also have to feel the competition out. By treatening withdrawalof the offer for kwg, they hope the market will see a big drop in the price for KWG. if we dont sell that wont happen and will let them know plan C is required

stay long