PACT offer expired
Binding Offer Expiry Date. The Proposal will be effective until 5:00 p.m. Hong Kong time on September 23, 2013, after which we would reserve the right to withdraw the Proposal, which we would notify you in writing, unless the terms outlined in the Proposal are accepted or otherwise agreed.
May explain the weakness in recent days. Given the leisurely pace at which these mergers progress, it seems strange that BX put a 10-day limit on their proposal as if they were bidding on a Manhattan condo. I guess right now the binding proposal has expired, but has not been withdrawn.
