EXS 0.00% 26.0¢ exco resources limited

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  1. 25,108 Posts.
  2. http://www.asx.com.au/asxpdf/20120831/pdf/428dzpffgc2rn4.pdf

    Considering the statements from Ivanhoe that they approached Exco (PRIOR to approaching SOL) and put their position to the Company ...

  3. WHY would Exco put itself in this potentially perilous position???

    ... when it could have:-

    a) Purchased the shares & had open discussions regarding the sale; and/or

    b) Done a handshake deal to match/or better any other offers on the table from 3rd parties

    ????????????????????????????????

    Exco already knew well in advance what was going to happen.

    I certainly don't think this is being done to raise the profile of the Company ... and yet in this instance the highest bidder was successful (to date) ie; SOL.

    Something doesn't add up here imo!!!
 
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Currently unlisted public company.

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