Post by
handyrandy321 on Jul 16, 2015 11:26am
If Oban doesn't increase TME offer deal is kaput
Deal was contingent on all deals being completed but it looks like Temex managegment is backing out to squeeze Oban now. Deals also required 2/3 of shareholder approval(s).
Comment by
stockman6767 on Jul 16, 2015 2:19pm
sorry guys. I suspect the entire deal is now in jeopardy, not just TME. If you want keep your recent triple that was created due to the upcoming deal, you better sell EAG now before that price collapses out from under you and disappears!
Comment by
tomgranite on Jul 16, 2015 3:31pm
Total rubbish. They stated quite clearly in the webcast that the deal would be going ahead with or without Temex. Why do you think they had the 3 party agreement with Oban and Temex had a separate agreement.
Comment by
stockman6767 on Jul 16, 2015 3:55pm
Sure, management would be HAPPY to go forward with the deal, but I am not so sure about the shareholders of the companies other than EAG who get the best premium. So it is in the hands of the shareholders - unless of course the lock-up already controls that part of the deal - and "so sad" for the rest of the shareholders.