exco not done yet ..., page-16

I did the same Lionel and got a 14 day free trial to Highgrade. Here is the article.Exco not done yet
Michael Quinn, 13 September 2012

SEPTEMBER 14: EXPECT a significant development relating to takeover target Exco Resources to be imminently unveiled.

What the announcement could be is unknown, with Exco managing director Geoff Laing resolutely refusing to make any comment.

However, what was intimated following Laing’s return to Perth after a site visit was that a significant announcement could be forthcoming before early next week.

Obvious speculation would include a counter-bid by another party.

In this regard it could be noted that Ivanhoe Australia said it had spoken with a number of other parties interested in its stake prior to agreeing to sell shares into the Soul Pattison bid.

“Ivanhoe did engage with Exco management regarding our decision to exit our investment in Exco,” Ivanhoe said in a market statement. “We talked with a number of parties introduced by Exco management that expressed an interest in purchasing our Exco investment. The highest price offered for our investment from these parties was substantially lower than the Soul Pattinson offer.”

So for this speculation to play out, one of those parties has significantly increased its offer, or another has entered the fray.

Speculating is fraught with danger and often wildly inaccurate.

Still, standby!