GREY:ETRFF - Post by User
Post by
rampage1on Mar 28, 2013 8:23pm
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Post# 21183729
mikej
mikej i would not put too much credence in what Runner 5 said about the 4 possible outcomes.nor to the poster crying conflict of interest.at present their is NO conflict of interest !
management collectively owns about 44% and they are advising shareholders to tender. so Kelso needs about 23% more of the total.i think they will get it and it is a done deal. by industry standards the offer is great( i said a long time ago a buyout would not be good for ETR and i did not want this !) over 40 % last day 's close and something like 62% higher than the last 30 day average. once Kelso gets 2/3's , the remaining shareholders will be force to take the 38 cents wether you like it or not ! and soon after ETR will cease to exist. out clauses do exist for both parties and i think finding suitable financing is not one of them. the offer does state that higher bids will be entertained only at managements discretion !