RE:On Yahoo Tlm forum - poster says Calgary News reported deal$7 this is not serious.
HOLDING OUT
Not all shareholders are going to support a sale with oil at a five-year low. Icahn in particular may argue for holding out for a better price -- especially a higher one than where he bought the shares, said Laura Lau, a fund manager who oversees more than $1 billion at Brompton Group in Toronto.
Talisman shares traded at about $13 when Icahn disclosed a stake and said he may talk with management about strategic alternatives. The stock closed yesterday at $4.37 and earlier this week touched its lowest level since 2000.
Today, Talisman shares climbed 5.4 percent to $4.53 at 11:56 a.m. Toronto time.
"I wouldn't be surprised if he protested even a 100 percent premium today," Lau said. "Do you really want to sell at the bottom of the market?"
Shareholders would probably be willing to accept a price closer to $10 a share, said David Neuhauser, a fund manager at Talisman shareholder Livermore Partners.
https://www.bnn.ca/News/2014/12/11/Talisman-sale-may-be-holders-best-exit-after-oil-rout.aspx