12-18-2013, 12:36 AM
Interesting information on Total's actions during the negotiations Spartina.
If I were in Total's shoes I also would have kept IOC away from Shell ... the deal favors Total to the point that it is akin to IOC paying a ransome to release the hostages.
Let the bidding war begin between the three apparent suitors.
The only thing that can prevent it is for IOC to procrastinate/ delay the IPI deal on purpose and finalize it just before the deal with Total is signed.
Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.
If I were in Total's shoes I also would have kept IOC away from Shell ... the deal favors Total to the point that it is akin to IOC paying a ransome to release the hostages.
Let the bidding war begin between the three apparent suitors.
The only thing that can prevent it is for IOC to procrastinate/ delay the IPI deal on purpose and finalize it just before the deal with Total is signed.
Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.
Drivel Maven with Personality