OTCPK:CRUUF - Post by User
Comment by
MiningMonsteron Sep 14, 2010 6:40pm
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Post# 17448268
RE: RE: RE: Crew Buyout
RE: RE: RE: Crew BuyoutNo guarantees here but there is a strong chance that you will see a tender offer at a slight premium to the EDV price of ~$4.80 to appease the holdouts, maybe $5.25. Further to the tender they will likely do a mandatory aquisition of the remaining minority and delist. Severstal has a strong incentive to take up the remaining shares so they can amalgamate with their gold division and get the additional production without having to go through a brand new DD process on another asset IMO