Hi there.Yes agree from here to xmas will be good.Re potential...

Hi there.

Yes agree from here to xmas will be good.

Re potential offer. VPE couldn't afford an all cash offer. 1 for 3-4 ITC plus varying cash amount is most likely. A larger cash component however could be offered if a second bidder pops up. A second bidder premium would just be icing on this cake for ITC holders.

If an offer is to be made it will be soon i.e. from now to xmas. Just a little more patience needed. I've had initially planned to buy into ITC post xmas in anticipation of consolidation then but very recently changed game plans, for reasons I have discussed on this board and as also noted am in now.

It would be interesting to hear if any holders have recently been approached, from any party. Deals take some time and discussions / pre-bid agreements could well be underway now.