Ann: Silver Lake and Doray Merger Presentation, page-24

I own share in both SLR and WGX. If WGX make an offer for DRM would have to be at a premium. So if I'am getting DRM I would prefer SLR get it, that way I don't need to pay any extra premium. This deal proves cash is king. Maybe the combined entity starts looking tasty for larger fish. Blood is in the water.
Reading the announcement DRM looked around and chose SLR. If its true would be for DRM managements own reasons. SLR wouldn't say no.

"Financial strength and flexibility to pursue quality assets to further optimise the portfolio". Are further acquisitions planned?

"Appropriate mix of operational and capital market credentials to execute a growth focused strategy". Does this mean a debt fueled strategy?

DRM's Reserve and Resource grade looks tasty, with nice growth ahead too.
Company I am working for is also going through a merger, however the value for merger is decided by amount of profit, not market cap.