RE:TAKE OUT COMING SOONPlease explain how Clarke (market cap $204M) intends to buy out Trican (market cap $274M)? Unless they sell all of their other assets and investments and find another pile of cash this is not what they are doing. I think they are just piling cash into TCW as a likely survivor of the O&G recession. After they get their bounce on recovery and make 50-100% on their money I expect them to move on. With Clarke's real estate expertise I think the Holloway acquisition was simply a way to get total control of the hotels (and land) for redevelopment purposes. I don't believe they have any intention of running various hotels for the long term. Clarke's objective is "to maximize shareholder value", while Trican's is We will be an innovative energy service company that, through living our values, will be the number one choice of employees, customers and shareholders. Trican wants to BE an energy services company while Clarke is simply investing in something they hope make money on. In different economic circumstances they could just as easily invest in another out of favor market sector. If Clarke is really trying to buy out TCW, unless there is another bidder, they'd be happy paying less per share so where is the arbitrage rally going to come from?