OSH/PacLNG Deal Details Reported

[Tree]

Tree,

Sorry, but I am missing something. How do you get TOT at 32.5% net instead of 47.5%? Also, how do you get OSH at 15% if it shows they bought 22.8% gross, which is 17.7% net (22.8%*(1-22.5%))? Thanks.

Best,

Sam

Hey Sam, for others benefit, gross #s are prior to an assumed Gov't back in which take IOC/TOT/OSH down to their net%.  TOT CEO stated CEO was seeking a net 32.5% stake per reports from their Q4 results a couple weeks back.

http://shareholdersunite.com/mybb/showth...p?tid=5984