If Teck refused to pay what big E wanted (Lets arbitrarily say $6)....it also stands to measure that another potential acquiring company might still play lowball with us. At this point Big E having already refused an offer of say $4.75...might start thinking $5 sounds pretty good. If Teck doesnt see the value in paying him what he wants...it does logically stand to reason that neither will any other company, or they will use the added pressure to get a better deal. Again...seemingly unlikely....but more real than the first scenario I posted.
Hmm. If Teck backs out...we are not left with 25% we are left with 100%. The 6$ figure then becomes a steal when we are looking to sell 100%.