Potential Buyout by a MajorIt would be difficult for a major to buy 48 m NFG shares from current NFG shareholders.
But, not so PALI which has a discrete block of 48 million shares and a large retail holding that could be acquired by just a block cross.
Lets say a 10% premium to the most recent NFG price would do it.
We would quickly have a double or more.
With POG expected to soon hit $2500, anything can happen..