RE: RE: Crk buyout..it may not happenhttps://data.cnbc.com/quotes/CRK-T/tab/8
144 million shares are held by funds and large block holders which is 42 % of the shares outstanding.
Of these, about 35 million are underwater or nearly so at 62 cents.
That leaves about 115 million shares , including those of luxor a and Bharti, that would make a profit at 62 cents.
This is just 35 % of the shares needed for a majority of 50 % plus 1.
There are 85 million shares at $1.05 most of which are still around and wont vote Yes.
In other words, this is no slam dunk for Luxor.
Do not tender your shares are 62 cents.
You can do much better than that by holding onto your shares.