"KWG, in consultation with its financial adviser, Canaccord Genuity Corp., is considering whether Cliffs' amended offer is in fact a Spider Superior Proposal."
Ooops! Is there a smell of Court ruling in the air? I see that Frank is not on its knees yet. No surrender. What will wee see next? We'll probably have to wait until midnight next Sunday!!!
"Spider will be required to terminate the Combination Agreement and, on or prior to the date of such termination, to pay to KWG a cash payment equal to $2,300,000."
This penalty is worth about 0,005 $... Not so much, but may make the difference about matching or not!
GLTA.
BaBe.