OTCPK:STOSF - Post by User
Post by
supra82on Nov 23, 2012 9:14am
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Post# 20635139
Illicit competing bids?
Illicit competing bids? Anyone think this might be a scheme to get other companies bidding to take out Spartan? No one seems to like the current offer. "The transaction will also be dilutive for Spartan shareholders."
Spartan Oil Corp., which said Wednesday it plans to merge with Pinecrest Energy, may well attract higher bids because of its strategic assets, Raymond James analyst Luc Mageau said.
"...suspect that the Spartan assets will be doing the bulk of the heavy lifting under the revised corporate structure, at least over the near-term,”