TSX:HSE.PR.B - Post by User
Comment by
mrbbon Oct 19, 2018 2:03pm
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Post# 28836814
RE:RE:RE:MEG offer
RE:RE:RE:MEG offer
Scottie99 wrote: Looks like HSE BoD is going for option 2 while option 1 or 3 are up in the air till January. It would be interesting if MEG would get the White Knight they are looking for but the stake was just raised for both companies!
The questions that would arise are: if MEG can start a bidding war for HSE or if HSE can sweeten the deal and by how much? Either way it goes, the market is not positively reacting to HSE option 2 and it would be interesting to see if the trend would change soon.
And this is NOT and would not be anywhere close to the SU-COS hostile takeover because COS was in a WI with SU, all the other WI major partners had indicated much earlier they won't step in the fight and SU had very deep pocket to buyout COS shareholders. The fact the SU, IMO and the big players are not commenting at this time when contacted indicate we are yet to see the last of this HSE-MEG hostile takeover!
many posters here have already said husky's $11 offer is good enough, no need to raise. Hse is up today so far, that is the reaction of the market.
You did say that husky's hostile takeover of meg is similar to SU-COS case, it's gonna be messy. Now you say it's different.
SU, IMO and big players staying quiet doesn't mean they might be pursuing meg. Expressing interest or denying interest publicly will affect both hse and meg prices, which can cause a legal mess