(Reuters) - In a statement, the WCE said its board of directors
authorized its management to negotiate the third-party bid
after determining that it was "reasonably likely to result in a
superior proposal."
WCE said its arrangement with ICE permits it to accept a
superior proposal, if ICE fails to match the higher price. WCE
would have to pay ICE a termination fee of C$1.2 million.
Read more at Reuters.com Mergers News
authorized its management to negotiate the third-party bid
after determining that it was "reasonably likely to result in a
superior proposal."
WCE said its arrangement with ICE permits it to accept a
superior proposal, if ICE fails to match the higher price. WCE
would have to pay ICE a termination fee of C$1.2 million.
Read more at Reuters.com Mergers News
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