It seems to me that they may have addressed some of the concerns of retail from the latest conference call but not those of the big boys with the large blocks. This offer still has no upside potential and doesn't alleviate tax implications.

Isn't the timing just a bit late? How many people on this board alone have already publicly announced that they have tendered like me? While this offer may have given me pause I certainly didn't run to the broker to see if I could possibly get my FWR shares back.

I just hope that we don't end up with big dilution for essentially a $1 PP if CLF's wins out in the end for all the shares.