takeover, page-23

According to TPI's terse release TPI will not be pursing CMV. Release says a confidential discussion took place regarding a highly conditional, script based proposal, required refinancing of CMV debt.

TPI seems pissed that CMV leaked the discussions. There is a clear conflict between CMV and TPI regarding whether pricing took place. IMO, TPI are all but accusing CMV of dishonesty.

Would be good fun in the boardroom with TPI's 2 nominees sitting in the room! Could be fireworks at the AGM.

IMO, don't bank on TPI as CMV's white knight.

And I wonder if TPI will still sell scrap to CMV.