RE:IAE Notoriously Leaky with News From my experience, takeover bidders have to put additional bids at higher prices in the future if they want more shares, until they reach the 90% level requiered to force the remaining shareholders to sell. They would need bad events to have these additional bids at lower price, which I doubt will happen with Stella coming online, Harrier drilling underway, 20 million barrels added with the last year end report published after the offer bid process started, and the Saudis talking about an extended cut deal period:
"In a take-over bid for all outstanding shares, if the offeror acquires 90% or more of the shares available, the remaining shares can be acquired through a forced statutory transaction known as a minority “squeeze-out”
https://www.mcmillan.ca/files/Overview_take-over_bids_in_Canada_c4.pdf