I've said it before and I'm not alone. I note today that LoveCCE has also said it, a takeover makes no sense because its simply far more expensive than a farm-in. The latter is only a fraction of the cost.
Just look at the basics, MEO has 417mm shares on issue. What is an acceptable T/O price for 70% of Artemis? Ask urself what u would accept and work out the amount. How does it stack up to a farm-in of 50%. Its several multiples of a farm-in so IMO whilst a farm-in is on the table, a T/O is not likely.
ANZ
MEO Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
