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1/ #oott #eastmedgas #riskarb
Before I get started on this thread it’d be great if you would respond to this poll on the impact of the Elliott offer:
Before I get started on this thread it’d be great if you would respond to this poll on the impact of the Elliott offer:
2/ The Elliott announcement is a big deal. Consensus is that is a done deal and the window on an activist play is closed. From day 1 I was out here saying that the offer was a low ball offer and if focus was #eastmedgas that would have just lifted that out of
3/ If offer was about US assets then offer makes perfect sense. Step 1: Pay in stock for the #eastmedgas assets, get the US for free (enterprise value). Step 2: flip the #eastmed gas assets to the highest bidder for cash and sit pretty with the US for free.
