My question is, in case that aquisitions succeds under current or similar terms (which I agree are very strange), what that implies for valuation of Tullow's shares
It is difficult to understand the incentives for Cairn directors to recommend the bid. Not just the terms, which are poor and with an obviously wounded partner, but the strategic rationale of balancing Egyptian assets with ... declining Ghanaian assets with an unsettled row attached !
My question is, in case that aquisitions succeds under current or similar terms (which I agree are very strange), what that implies for valuation of Tullow's shares
It is difficult to understand the incentives for Cairn directors to recommend the bid. Not just the terms, which are poor and with an obviously wounded partner, but the strategic rationale of balancing Egyptian assets with ... declining Ghanaian assets with an unsettled row attached !