(07-12-2016, 06:27 PM)AU74 Wrote: This story makes no sense. Why would Exxon offer such a small premuim as "up to 10%"? Anyone would assume OSH and TOT could find a way to match that, so why even bother? Also why does the story imply that simply matching Exxon would fly as if it were equal, given the issues trading the CVRs and ADRs? Makes much more sense, to me, that the leakers were trying to imply that OSH would need to match Exxon's offer, plus "up to 10%" to cover the trading issues an OSH deal presents to US-based investors and funds. Wishful thinking, I know.
Makes me think this is another in the long series of feeble Paid News "Articles" planted by Peter Botten Tail and his sidekick Phatprik Pouyanne.
They want IOC Shareholder Schmucks like us to vote YES to a small premium offered up in response to a Superior Proposal from XOM et al.
My answer to the Two Pee Pee's:
NOOOOOOOOOO
Drivel Maven with Personality