10-03-2016, 10:56 PM
Good arguments were mentioned for misrepresentation of the IOC Board in the past. To mention the most important facts:
- Company sale was not announced in shareholdersmeeting; as a consequence share trading of board members during blackout period became illegal
- Value of CRP does not represent a fair value being an equivalent of the value XOM becomes from Total.
May be the court considers Phils arguments as reasonable and waits for negotiations between IOC and Phils lawyers. As the court is upholding the total deal, I suppose these negotiations will also impact the other shareholders.
- Company sale was not announced in shareholdersmeeting; as a consequence share trading of board members during blackout period became illegal
- Value of CRP does not represent a fair value being an equivalent of the value XOM becomes from Total.
May be the court considers Phils arguments as reasonable and waits for negotiations between IOC and Phils lawyers. As the court is upholding the total deal, I suppose these negotiations will also impact the other shareholders.

