poison pill court date has more to do with stock price than the dividend.
if COS wins and new posion pill is in effect, what will SU do?
will they simply extend their offer to meet new poison pill date?
will they walk?
will they up their offer with a sweetner and make it friendly?
basically COS has no choice but to keep looking for a white knight because I don't think they can continue as a stand along one asset company, even with rising oil prices which at the moment don't look very likely.
we shall see, maybe there will a compromise by the courts and give COS an extra 3-4 weeks max but if SU wins the court case and continues with their offer, it will be close call getting 66.5% of the shares.
sorry I'm not up on takeover rules, why not consider getting 05.01% as a minimum and then restructure the board of directors?
is there a law against that?
just curious.
GLTA