Thanks for that hansix.
Just an isolated and underinformed (wrt Williams Creek) thought on my part:
This type of dual price action on the parts of TDC and WCX in the absence of substantial news serves to penalize TDC stockholders and reward WCX stockholders in the unknown-probability event of a merger. TDC down or flat no matter the news, WCX up before it's even out. The fact that one or two entities are plurality holders in both companies makes this a concern.
I'm not accusing or being in any way definitive here - just noticing that asteroid out there is headed in our general direction, metaphorically.
Strike