"I wish I did have the definition of "Superior Proposal".
Lar: This definition should be in the Letter of Agreement, from which you cited the 'Right to amend". I tried to find the document at SEDAR but cannot find it. You can PM me the link to get it...
This definition is the center point of the debate.
And re-reading the KWG NR that came out minutes before the SPQ NR, I agree with Khareema that we are in a serious match. KWG announced taht the definitive merger agreement has been signed, ie by both Parties, so it means that even after receiving the raised Cliffs bid, they decided to sign notwithstanding. It certainly means that they will do whatever possible to go ahead with their project. They will find a way to amend the Letter Agreement in a way to confort the Spider Comity. Juicy files for law firms. And a great challenge for the financial advisors...
We have to hold tight to our shares...0,165 cents will probably shake weak holdings. Hope that we keep 51% at any time... And we need 66.33 % for the Merger to pass... Hmmm. Is there a volunteer to go lunch with THE FÙhRErR... I think we'll need its 25000 votes...
GLTA.
BaBe.