Investors in a company normally don’t like to see a premium paid in a takeover to get a controlling shareholder onside, but burned holders of pipeline supply company ShawCor Ltd. might be willing to live with it if it means a deal can get done.

ShawCor shares have been punished this week in the wake of the company saying that its sale process has not worked out despite “several strategic alternatives” and a bid for “all the shares” of the company is “highly unlikely at this time.” ShawCor is controlled by the Shaw family, and rightly or wrongly, there’s a belief that it could have been the family holding out for a higher price that scuttled the process.