GREY:NOVUF - Post by User
Post by
largeinveston Sep 03, 2013 1:57pm
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Post# 21715169
TOL just extended negotiations by a few more weeks
TOL just extended negotiations by a few more weekshmmmmm...and it was also rumoured to be an Asian buyer. Could they be making a play at both companies, where the deal for NVS was done, but they were still doing the paperwork for TOL.
"
In an overnight note to investors, Brian Kristjansen of Dundee Capital Markets speculated the negotiations could be with a foreign entity.
“The demand for exclusivity and the timing may relate to the due diligence required by a foreign entity — potentially including the Chinese, Japanese, Koreans, Indians or Middle Easterners as counter parties, all of which have already established positions in the Canadian E&P space in one form or another and would not be completely surprising,” he wrote."
https://www.calgaryherald.com/business/News+mystery+bidder+drives+TriOil+stock+higher/8617053/story.html