RE: Just for FUN...or notAs a fair IMHO I would say the offer will be 30 to 35 % minimum above the closing (or even average along a defined period) SP...huh?
Sorry to burst your bubble, but I think you misunderstood the news release: BUK sold its wholly owned North Sea subsidiary, BUK itself isn't being taken over.
BUK guarantees the debt of the subsidiary, so we have to hope the buyer is taking on all of the debt - and weren't we warned very recently that wasn't in the cards? It's hard to see the value here, but the volume and price action remains very interesting...