Current Offer Is Dogshit, Cona Stealing Another Asset I hope with the recent strength in WTI another company wakes up and realizes that Pipe for $1B is a steal.
Someone should 1 up this slime ball offer by Cona. If it happens, not sure. Def would not sell here. Cona around 10B seems like solid value but this has been a masterclass on shareholder value destruction, the major shareholders and people in power need to reconsider their careers.
Paramount could easily pay $3 a share in shares, cash or both. Anyone who says $3 in cash is worse is a dunce, you can sell and pick any name to ride, taxes more than offset by the difference.