And what about MRC?
I guess if a takeover takes place MRC and all CLL's property will be sold or not,
Connacher also advises it has received a confidential, non-binding, unsolicited proposal to acquire all of the outstanding shares of the company. The proposal is conditional upon, among other things, due diligence, negotiation of all definitive documentation and approval of the Board of Directors of Connacher and of the interested party.
Consistent with its fiduciary duties and in consultation with its exclusive financial advisor, Goldman Sachs, and its legal counsel, Macleod Dixon LLP, the Board of Directors of Connacher is considering and evaluating the proposal. There can be no assurance that a formal offer or a transaction will result from this proposal.
So as for today the market is only speculating that takeover could be a result of this .
In comparison with Opti we forget the refinery they have .So what is the value for that company ?